Malaysia

Khazanah returns with $255m Tenaga stake sale

Malaysia’s state-owned fund continues to offload stakes in non-core businesses as it tries to recover the huge losses it incurred last year.

Danny Leung

April 11, 2019

Malaysia’s sovereign wealth fund Khazanah Nasional sold M$1.05 billion ($255 million) of shares in Tenaga Nasional through a discounted block trade on Wednesday. This marks its sixth stake sale in the local power distributor over the last eight years.

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