PETALING JAYA: A Malaysian consortium led by SP Setia Bhd
with Sime Darby and the Employees Provident Fund (EPF) as potential partners, is said to be the frontrunner in the bid for the Battersea Power Station site in London, according to a source familiar with the matter.
The source said the bidding for the site had entered an intense stage with the asset administrators, Ernst & Young, trying to recover as much money as possible, said to be more than £330mil, for Lloyds Banking Group and Ireland's National Asset Management Agency (Nama) after the power station was placed into administration last year.
