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Chugoku paid $1.2 billion to buy 44% stake in EFL, former Finance Minister reveals
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Chugoku paid $1.2 billion to buy 44% stake in EFL, former Finance Minister reveals
Japan’s Chugoku Electric Power Company paid roughly $1.2 billion to acquire a 44-percent stake in Energy Fiji Limited (EFL), former finance minister Aiyaz Sayed-Khaiyum has revealed. In a detailed social media post, Sayed-Khaiyum described the deal as one of the largest commercial investments in Fiji’s history and argued it delivered fiscal relief to government while strengthening the country’s energy sector. “Chugoku is a large reputable utilit…
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