Tenaga, Malaysia’s biggest energy producer, has scrapped a bid for a unit Bord Gais Eireann, narrowing the field to two suitors.
Bord Gais’s retail and power generation division "might not be the one to fit us as we have other priorities", Fazlur Rahman Zainuddin, chief financial officer with state-owned Tenaga, said in an interview in Kuala Lumpur yesterday.
The remaining bids are from a group led by Viridian, backed by Macquarie...
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