Independent power producer Malakoff Corporation Bhd has set aside AU$140mil from the disposal to pay off loan it took to acquire MWF. Malakoff purchased the stake in MWF back in June 2013.
KUALA LUMPUR: Malakoff Corp Bhd is selling its entire equity interest in a wind farm in Australia for AU$356.85mil (RM1.02bil).
Proceeds from the disposal, the company said in a statement yesterday, will be used to reduce its debts.
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