TNB completes stake buy in Turkey firm


  • Business Premium
  • Thursday, 14 Apr 2016

Jimah Power East Sdn Bhd, a unit of state-owned utility Tenaga Nasional Bhd (TNB), has started marketing RM10bil of the notes even after anti-government protesters took to the streets amid an investigation into Prime Minister Datuk Seri Najib Tun Razak

PETALING JAYA: Tenaga Nasional Bhd (TNB) has completed its planned acquisition of a 30% stake in Turkey-based power company GAMA Enerji AS for US$255mil (RM987.5mil).

The national utility said in its filings with Bursa Malaysia yesterday that the share sale agreement with the vendors in relation to the proposed acquisition had become unconditional.

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