PETALING JAYA: Malakoff Corp Bhd
’s indirectly-owned unit Malakoff Gulf Ltd is proposing to acquire the entire equity stake in Desaru Investments (Cayman Isl) Ltd (DIL) from Khazanah Nasional Bhd for a cash consideration of US$70mil.
Prior to the sale, Khazanah, through DIL, holds a 40% equity interest in the consortium known as Malaysian Shoaiba Consortium Sdn Bhd (MSCSB) while Malakoff, via MGL, holds 40% and Tenaga Nasional Bhd, through its subsidiary Independent Power International Ltd, holds the remaining 20% stake.
