China’s CGN buys 1MDB power assets for $2.27b

The deal comes as a relief to Malaysia’s scandal-hit fund which has to cut back $11 billion in debt and continues CGN's overseas expansion.

Alison Tudor-Ackroyd

November 23, 2015

China General Nuclear Power has agreed to buy the power assets of 1Malaysia Development Berhad’s, or 1MDB, for RM9.83 billion ($2.27 billion), the companies said on Monday, bringing much-needed capital to Malaysia's scandal-hit state investment fund.

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