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Last Updated: March 2, 2018
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Renewable Energy

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) made its maiden foray into onshore wind in the UK with the acquisition of an 80% interest in two renewable energy (RE) companies registered in the UK for  a cash equity consideration of 77.37 million pound (RM417.5mil).

In a filing with Bursa Malaysia Thursday, TNB said its wholly owned subsidiary, Tenaga Wind Ventures UK Ltd had completed its acquisition of an 80% interest in two (UK) renewable energy companies namely GVO Wind Limited and Bluemerang Capital Limited through two share purchase agreements (SPAs) with Georg von Opel and Tanzanite B.V. & Catalin Breaban respectively.

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