| Sovereign wealth fund 1Malaysia Development Bhd (1MDB) has won a major government tender to build a power plant, which will help make an up to US$2 billion IPO of its power assets more attractive to investors.
The news came just after sources said that 1MDB, chaired by Prime Minister Najib Razak, had shortlisted at least six investment banks to make final presentations for the IPO. A decision on the winning bidder for the US$3.6 billion coal-fired power plant had been delayed after bids from 1MDB and YTL Power International came in too close to call...............................................Full Article: Source
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