International Power Sells Hidd Stake to Malaysia's Malakoff

International Power has announced the completion of the sale of a 40 per cent stake in Bahrain's Hidd Power Company (HPC) to Malakoff International, a wholly owned subsidiary of Malakoff Corporation Berhad. This partial sale of Hidd Power stake allows International Power (owned 70 per cent by GDF Suez) to comply with Bahrain’s regulatory requirements, a statement said. The value of the sale was not revealed. The agreements related to the deal were signed on April 30 at the premises of Bahrain's Ministry of Finance between the Government of Bahrain and all the parties.