GAMING and power company Tanjong plc expects to conclude talks to buy two power plants in Egypt from Electricite de France (EDF) in between four and eight months, said chairman Robert Cheim Dau Meng.
“The issue of cost is being negotiated. We do not have a firm estimate of timeline because we have just started negotiating. This sort of acquisition would typically take between four and eight months to complete if one is successful to get on from the first phase,” he said at a press conference after the company's AGM in Kuala Lumpur yesterday.
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