Khazanah said to mull selling RM3.6bil of listed stocks

TNB told Bursa Malaysia that Pengerang Power would design, construct, own, operate and maintain a co-generation facility with a nominal capacity of 1,729MW in Pengerang, Johor.

KUALA LUMPUR: Sovereign fund Khazanah Nasional Bhd is considering paring its stakes in three listed companies, in deals that could raise as much as RM3.6bil, according to people familiar with the matter.

The state-owned investor asked banks to pitch for a role arranging the sale of about 2% each in Tenaga Nasional Bhd (TNB), IHH Healthcare Bhd and Axiata Group Bhd, according to the people, who asked not to be identified as the information is private. Khazanah, which is the largest shareholder in the three Malaysian companies, might decide to sell stock in one or all of the firms, one of the people said.