Photographer: Mohd Rasfan/AFP/Getty Images

1MDB Said to Near $2.3 Billion Power Sale to Chinese-Led Group

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.