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Tenaga Nasional News

10 Apr 2018

DNV GL Advises on Acquisition of UK's Wind Farm

DNV GL secured a leading role as technical advisor to GVO Wind Ltd and Bluemerang Capital Ltd, supporting the sale of an 80% stake of the 26.1 MW Ventus portfolio of wind projects. Ventus is the UK’s largest portfolio of feed-in-tariff wind turbines, comprising 53 operational projects located across the UK. The portfolio was acquired by Malaysian power utility Tenaga Nasional Berhad (TNB). This is TNB’s second acquisition in the UK, which brings its renewables portfolio to a total capacity of approximately 280 MW. DNV GL conducted a technical analysis and Vendor’s Due Diligence of the entire Ventus portfolio and successfully supported the process which culminated in the GBP 171 million investment from TNB.

25 Feb 2015

Tenaga Raises Offer Price for Port Operator

Tenaga Nasional Bhd , Malaysia's largest power group, said on Wednesday it has raised the takeover price for Integrax Bhd by 18.2 percent after a leading shareholder of the port operator rejected its offer. Tenaga, which counts Malaysia's state investor Khazanah as a major shareholder, upped the takeover price to 3.25 ringgit per share from 2.75 ringgit previously, bringing the total value of the deal to some 761 million ringgit ($211 million). The revised offer was the price Perak Corporation Bhd , the second largest shareholder in Integrax with a 15.74 percent stake, suggested in a local stock exchange filing on Monday. Tenaga is currently the largest Integrax shareholder, with a 22.12 percent stake. Reporting by Yantoultra Ngui

23 Feb 2015

Tenaga Hits Opposition to Port Operator Move

Tenaga Nasional Bhd , Malaysia's largest power group, hit an obstacle in its attempt to take over Integrax Bhd after a leading shareholder of the port operator rejected its offer on Monday. Perak Corporation Bhd, which holds 15.74 percent stake in Integrax, said in a local stock exchange filing that its board would only suggest its shareholders approve the deal if the offer was raised to 3.25 ringgit per share. Tenaga, the largest Integrax shareholder with a 22.12 percent stake, on Jan. 9 offered 644.22 million ringgit ($176.88 million) or 2.75 ringgit per share to buy the remaining shares in Integrax it does not already own. The 3.25 ringgit per share counter offer was the highest in the indicative equity valuation range by Affin Hwang Investment Bank Bhd…

26 Feb 2001

MISC Issues Bonds To Buy Ships

Malaysian International Shipping Corp (MISC), the country's flag carrier, is planning to issue yankee bonds worth up to $500 million in the next few weeks. The yankee bond offering, where the debt is issued in the U.S. market, will be the second from Malaysia this year. Traders said state power firm Tenaga Nasional would issue $800 million in bonds by the middle of next month, with the company expected to go on a roadshow soon. "MISC is looking to raise $350 to $500 million to finance ship acquisitions," said a dealer at a foreign bank. But another source said the shipping line could be tapping a maximum of $400 million. The MISC issue was seen as likely to precede a similar issue by its parent Petronas. The state oil firm owns 62 percent of MISC.