Malaysia's SP Setia, Sime Darby offload Battersea stakes to PNB, EPF for $2b

Malaysian property developers SP Setia and Sime Darby Property have sold their stakes in the second phase of London-based Battersea Power Station to government-linked investment fund Permodalan Nasional Bhd (PNB) and pension fund Employees Provident Fund (EPF) for £1.583 billion ($1.98 billion), according to a press release.