CLP-led bid eyes Temasek utility

South China Morning Post, 3 Nov 2008, Tim LeeMaster

A consortium led by CLP Holdings (SEHK: 0002), the largest power supplier in Hong Kong, has been shortlisted as a bidder for the third Singapore power asset put up for sale - for up to US$2.5 billion - by Temasek Holdings, the investment fund owned by the Singapore government, market sources said.

Shortlisted bidders, including Bahrain-based fund Arcapita, were notified late last week after indicative non-binding bids were received last month.

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