Khazanah Is Said to Sell $340 Million Tenaga Stake in Placement
Bloomberg 2026-07-24 07:38:46
Context: Malaysian sovereign wealth fund Khazanah Nasional Bhd. has divested a significant stake in state-owned power firm Tenaga Nasional Bhd. The sale, valued at $340 million, was executed through a share placement. This move is likely part of Khazanah's strategy to manage its portfolio and generate returns.
Key Facts
- Khazanah Nasional Bhd. sold 1.39 billion ringgit worth of shares in Tenaga Nasional Bhd., which is equivalent to $340 million.
- The sale was conducted through a share placement, as confirmed by people with knowledge of the matter.
- The transaction involves a stake in Tenaga Nasional Bhd., a state-owned power firm in Malaysia.