Herbert Smith Freehills is representing China General Nuclear Power Corp. on a $2.3 billion deal that will see the state-owned generator acquire all power assets from 1Malaysia Development Bhd, or 1MDB.
Hong Kong-listed CGN will buy 1MDB’s subsidiary Edra Global Energy Bhd., which has interests in 13 power plants in Malaysia, Bangladesh, Egypt, Pakistan and the United Arab Emirates with total capacity of 5,594 megawatts.
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