1MDB Said to Near $2.3 Billion Power Sale to Chinese-Led GroupBy , , and
China General Nuclear's consortium trumps bid from local rival
Agreement could be announced as soon as this weekend
1Malaysia Development Bhd. is nearing an agreement to sell control of its power business to a Chinese-led bidding group, part of the state investment company’s plan to wind down its operations, people with knowledge of the matter said.
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