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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Tenaga , TNB , power , Turkey , stocks , shares , Gama Energy ,


Next In Business News

Ringgit lower against US dollar at the close Premium
Raya Airways to lease four Airbus craft from ST Engineering Premium
Siab secures RM89.57mil construction contract Premium
Bursa Malaysia appoints Farid Alias as independent non-executive director Premium
Infineon to invest RM8bil to build wafer fab in Kulim, set for completion by 3Q24 Premium
Greenyield secures shareholders’ approval to buy asset in PNG Premium
PDB to open 50 Cafe Mesra by year-end Premium
PwC appoints Nurul A’in as deputy executive chair Premium
FBM KLCI ends at day's low on heavy last-minute selling Premium
Bank Negara's international reserves at US$109bil as at June 30 Premium

Others Also Read