1MDB to Purchase Tanjong’s Power Assets

Posted on 03/06/2012


The Government of Malaysia wholly owns 1 Malaysia Development Berhad (1MDB) a strategic development enterprise. The entity is funded by debt guaranteed by the Malaysian federal government. 1MDB is planning to buy Tanjong Energy Holdings for RM 8.5 billion (US$ 2.82 billion). Energy infrastructure assets are in high demand for large state-owned enterprises and sovereign […]

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