for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Malaysia's Khazanah raises $160 million from CIMB Group share placement

KUALA LUMPUR, Sept 10 (Reuters) - Malaysian sovereign wealth fund Khazanah Nasional said on Friday it had completed a placement of a 1.4% equity stake in CIMB Group Holdings Bhd , raising gross proceeds of 664.5 million ringgit ($160.24 million).

The share placement is part of Khazanah’s on-going efforts to rebalance its portfolio and recycle its investments into new assets in Malaysia and globally, it said in a statement. ($1 = 4.1470 ringgit) (Reporting by Liz Lee Editing by Ed Davies)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up