KUALA LUMPUR: Malaysian tycoon Ananda Krishnan is nearing a deal to sell his US$3bil worth of power assets to a government company as he seeks to shed risky businesses, sources said yesterday.
The sources did not confirm the sale price, but StarBiz reported that the sale to 1Malaysia Development Bhd (1MDB) was indicated at a price range of RM9.92bil and RM11.16bil.
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