PNB, EPF acquire power station’s commercial assets
The shareholders of the commercial assets in the Battersea Power Station Development Company (BPSDC)'s new structure are Permodalan Nasional Bhd (PNB), one of the largest asset-management companies in Malaysia, and the Employees Provident Fund (EPF)
PETALING JAYA: Battersea Power Station Development Company (BPSDC) has completed the re-organisation of the ownership of commercial assets within the Grade II listed power station.
The shareholders of the commercial assets in the new structure are Permodalan Nasional Bhd (PNB), one of the largest asset-management companies in Malaysia, and the Employees Provident Fund (EPF).
“They have acquired the commercial assets in the power station through a joint venture, of which they own 65% and 35%, respectively, for a total purchase price of £1,583 million (equivalent to RM8.512bil),” SP Setia said in a statement.
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