FOR POWER OUTAGE OR BREAKDOWN, PLEASE CALL 15454
FOR POWER OUTAGE OR BREAKDOWN,
PLEASE CALL 15454

TNB Submits Conditional Offer To Acquire Edra’s Power Generation Assets From 1MDB

17/10/2015

Tenaga Nasional Berhad (“TNB”) has submitted a conditional offer to acquire the power generation assets of Edra Global Energy Berhad (“Edra”) from 1Malaysia Development Berhad (“1MDB”). The conditional offer is subject to TNB finalising the confirmatory due diligence process as well as finalising and executing the Share Purchase Agreement.

  • Conditional offer is subject to TNB finalising the confirmatory due diligence process as well as finalising and executing the Share Purchase Agreement.
  • 1MDB must provide further information on operations; key conditions must be met
  • No assurance transaction will be concluded; final offer subject to independent and third-party evaluation
  • Non-interested shareholders will vote on any potential transaction at a general meeting.

 

For more detail: Press Release