1MDB nearing sale deal


An agreement with a consortium may be announced soon

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is nearing an agreement to sell control of its power business to a Chinese-led bidding group, part of the state investment company’s plan to wind down its operations, people with knowledge of the matter said.

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Business , 1MDB , power assets , sale , EDRA

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