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Sovereign Wealth Funds Briefing - Categorized | Market

1MDB Nearing Sale Of Power Assets To China/Qatar Consort

Posted on 23 November 2015

1MDB is nearing the sale of its power assets to a consortium including Qatar’s Nebras Power and China General Nuclear Power Holding Corp, people familiar with the matter said on Friday, in a deal that would bring relief to the scandal-hit state fund.
1Malaysia Development Bhd (1MDB), currently at the centre of a political and financial scandal that has also embroiled Prime Minister Najib Razak, needs to shed assets to pare back $11 billion of debt. The people declined to disclose the deal value, but a person familiar with the matter previously told Reuters it could value the assets at about RM18 billion ($4.2 billion) including net debt………………………………………..Full Article: Source


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