1MDB says completes sale of power assets to Chinese firm

comments     Reuters     Published     Updated

Malaysia state fund 1MDB said today it has completed the sale of its power assets to China General Nuclear Corp (CGN) under a US$2.3 billion cash deal agreed last November.

State-owned CGN acquired 1MDB’s Edra Global Energy Berhad and its subsidiaries in a cash transaction, 1MDB said, and will assume the assets’ gross debt and cash reserves.

- Reuters



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