PNB, EPF complete acquisition of Battersea Power Station's commercial assets

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The acquisition by the two government-linked companies costs RM8.51 billion.

March 14, 2019 9:55 PM

KUALA LUMPUR: Permodalan Nasional Bhd and the Employees Provident Fund have finalised their acquisition of the Battersea Power Station’s commercial assets from sellers SP Setia Bhd and Sime Darby Property Bhd following the completion of the ownership reorganisation. “It is currently being restored and will, on completion from end-2020, become home to hundreds of shops, restaurants, cafes, event spaces and cinemas as well as new homes, Apple’s London campus and business members club No18,” it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who’s the real beneficiary of this transaction ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PNB, EPF complete acquisition of Battersea Power Station’s commercial assets | Malay MailKUALA LUMPUR, March 14 — Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) have finalised their acquisition of the Battersea Power Station’s commercial assets from sellers S P Setia Bhd and Sime Darby Property Bhd following the completion of the ownership reorganisation. In a...
Source: malaymail - 🏆 1. / 86 Read more »

PNB, EPF finalise acquisition of Battersea assets | The Malaysian InsightThey acquire commercial assets for £1.58 million, with PNB owning 65% and EPF, 35%. bail out Bailing out Cronies and GLCs? needto plow back to malaysian contractor and resources
Source: msianinsight - 🏆 8. / 63 Read more »

Prosecution wants Rosmah to declare asset acquisition in money laundering case | The Malaysian InsightLawyer for ex-PM's wife says defence needs time to look into notice served last November. Still not yet? 😱😱😱😱 jezlai KumarBoss12 NajibRazak YB DSNR what happen
Source: msianinsight - 🏆 8. / 63 Read more »

Prosecution wants Rosmah to declare property acquisition in money-laundering case | Malay MailKUALA LUMPUR, March 8 — The High Court was told today that the prosecution has filed a notice against Datin Seri Rosmah Mansor, wife of former prime minister Datuk Seri Najib Razak, for her to declare her property acquisition in a money-laundering case. Lawyer Datuk K. Kumaraendran, representing...
Source: malaymail - 🏆 1. / 86 Read more »