KUALA LUMPUR: MMC Corp Bhd and its wholly owned subsidiary Nucleus Avenue (M) Sdn Bhd (NASB) had on Friday entered into agreements to acquire the securities, assets and liabilities of independent power producer, Malakoff Bhd for RM9.3bil.
This follows MMC's proposal in May to take its 22% owned Malakoff private via NASB in a RM9.3bil cash deal, the country's largest takeover exercise.
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