23.11.2015 - 1MDB Nearing Sale Of Power Assets To China/Qatar Consort
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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