(Dec 17): Malaysia’s largest asset management firm Permodalan Nasional Bhd and state pension fund Employees Provident Fund (EPF) have agreed to jointly acquire the commercial assets at London’s Battersea Power Station for 1.58 billion pounds ($2.74 billion), both funds said on Monday.

See: Battersea Power Station deal to be investigated: Anwar

The assets were acquired from a consortium made of Malaysian property developers S P Setia Bhd and Sime Darby Property Bhd, and EPF. Both funds own substantial holdings in the property developers.

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