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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Malaysia’s YTL Power to buy Temasek’s PowerSeraya

Posted on 03 December 2008

From Bloomberg: YTL Power International Bhd., a Malaysian utilities company, agreed to buy Singapore power generator PowerSeraya Ltd. from Temasek Holdings Ltd. for about S$3.6 billion ($2.4 billion).

YTL Power will also take on S$201 million of PowerSeraya’s debt, Temasek, Singapore’s state investment company, said in an e-mailed statement today. The transaction is due to be completed early next year….. Full Article: Source


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