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.