Tenaga Nasional to sell TNB Janamanjung
Article Abstract:
Tenaga Nasional Bhd. announced that it is selling a 100% equity stake in TNB Janamanjung Sdn. Bhd. and a 20% interest in Segari Energy Ventures Sdn. Bhd. to Malakoff Bhd. Tenaga Nasional will then receive a minimum stake of 20%o in Malakoff as payment for the equity stake and the interest. Tenaga Nasional, which is the national power company of Malaysia, stated that the deal will enable it to gain long-term benefits and also pointed out that the stake in Malakoff was also a long-term investment. The deal will also make Tenaga Nasional one of the biggest shareholders in Malakoff.
Comment:
Is buying a 100% equity stake in TNB Janamanjung Sdn Bhd and 20% interest in Segari Energy Ventures Sdn from Tenaga Nasional Bhd
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Spain's Endesa to appeal ban on its deal in Chile
Article Abstract:
Empresa Nacional de Electricidad S.A. of Spain criticized a decision by Chilean regulators to temporarily block the $2.1 billion tender offer that would have given the Spanish utility control of Endesa Chile. According to Chile's federal prosecutor, the offer if accepted would in effect have given Endesa Spain a monopoly over Chile's electricity industry. Endesa Spain's Enersis S.A. subsidiary already owns 25% of Endesa Chile, as well as 73.9% of power distributor Chilectra.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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