Malaysian coalition leader promises probe into Battersea Power Station deal

Battersea Power Station

Two Malaysian state-backed funds could see their deal to acquire phase two of Battersea Power Station “renegotiated” after the leader of the country’s newly elected coalition pledged to investigate a series of deals by sovereign funds, including the Battersea acquisition.

Asset management group Permodalan Nasional Berhad (PNB) and pension fund Employees Provident Fund (EPF) signed heads of terms for a deal that values the development at an estimated £1.6bn in May.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue