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Tenaga Nasional completes deal to acquire 77.88% of Integrax

Tenaga Nasional Bhd. on April 13 completed its deal to acquire 77.88% of Integrax Bhd. for a transaction value of 664.6 million ringgits (US$179.3 million).

The company offered 3.25 ringgits per share for the stake.

CIMB Investment Bank Bhd. was the financial adviser for Tenaga Nasional.

FHMH Corporate Advisory Sdn. Bhd. and M & A SECURITIES Sdn. Bhd. were the financial advisers for Integrax, while Rajah & Tann was the legal adviser.