Khazanah Nasional Sells 1.1% Stake in Tenaga Nasional

Posted on 12/13/2012

Malaysia’s Khazanah Nasional Berhad is selling up to 60 million shares in Tenaga Nasional Bhd. In fact, Khazanah has slowly been selling off shares in Tenaga over a period of years. Tenaga Nasional Bhd is Malaysia’s biggest electric utility.

This sale will reduce Khazanah’s ownership in Tenaga Nasional to 34%. CIMB Group Holdings Bhd and Deutsche Bank are joint bookrunners on the share sale. Malaysia’s Employees Provident Fund Board is the second largest shareholder.