| A group comprising Kuwait Investment Authority and private equity firm CVC Capital Partners is among final bidders for Sithe Global Power LLC’s stake in a Philippine power plant that could fetch at least $500 million, people with knowledge of the matter said.
A consortium of Singapore’s sovereign wealth fund GIC Pte, Malaysian power company Malakoff Corp. and an infrastructure investment fund managed by Macquarie Group Ltd. also made a binding offer, said the people, who asked not to be identified as the process is private. Aboitiz Power Corp., based in the Philippines, is vying for the Blackstone Group LP-backed company’s asset as well............................................Full Article: Source
|