We know that IPIC is part of the Aabar group which owns a portion of RHB Capital. The Chairman of IPIC is also the owner of Manchester City which as we know can just pay very high price for players to get its club into winning.
What is interesting is the below which was announced in the London Stock Exchange.
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In return (interestingly), as mentioned by 30 June 2016 (a year from now), IPIC is to receive transfer of assets amounting to the total of USD1 billion + USD3.5 billion and the outstanding debt forgiveness. That would amount to around USD4.8 billion?
What I am interested in is which assets that Aabar or IPIC would be interested in? The power assets? From below, IPIC was formed to invest into energy and related sectors. We know that 1MDB has 3 assets which are valuable - Tun Razak Exchange, Bandar Malaysia and the power assets, Edra Energy. But from the 3, the power assets probably meet the criteria of its investments closer. If that is the case, IPIC may become one of the largest independent power company in Malaysia. But would the power assets be worth RM18 billion? Or could it be any other assets as in the announcement it just merely says assets.