Submitted by admin on November 16, 2011
Tuesday, November 15th, 2011 23:22:00
Malayan Banking Bhd (Maybank) and Maybank MEACP Pte Ltd of Singapore today launched a US$500 million (RM1.6 billion) private equity fund dedicated to clean and renewable energy in Asia.
The fund will comprise of two parallel investment vehicles - the US$350 million master fund supported by Maybank, Asian Development Bank and International Finance Corporation and US$150 million co-financing vehicle supported by the Washington DC-based Overseas Private Investment Corporation of the US.
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