Khazanah Nasional Sells 1.1% Stake in Tenaga Nasional

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.

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