China’s CGN buys 1MDB power assets for $2.27b

The deal comes as a relief to Malaysia’s scandal-hit fund which has to cut back $11 billion in debt and continues CGN's overseas expansion.
November 23, 2015

China General Nuclear Power has agreed to buy the power assets of 1Malaysia Development Berhad’s, or 1MDB, for RM9.83 billion ($2.27 billion), the companies said on Monday, bringing much-needed capital to Malaysia's scandal-hit state investment fund.

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