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

Asset sales & divestitures, Acquisitions & mergers, Electric, Gas & Water Utilities, Utilities, Malaysia, Public utilities, Tenaga Nasional Bhd., Malakoff Bhd., Article

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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.

United States, Chile, International economic relations, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Laws, regulations and rules, Political activity, Acquisitions and mergers, Economic policy, Corporation law, Endesa S.A., Empresa Nacional de Electricidad S.A. (Chile)

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