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Malaysian tycoon’s $3B power asset sale draws 12 bids

Malaysian tycoon’s $3B power asset sale draws 12 bids

Malaysian tycoon Ananda Krishnan's sale of over $3 billion worth of power assets has attracted 12 initial bids with a final round of bidding expected by the end of March, the Star newspaper reported on Saturday, citing unidentified sources.

February 25, 2012 12:08