CLP Leads Bid for Temasek's Power Assets, Morning Post Says

By Kelvin Wong

Nov. 3 (Bloomberg) -- A CLP Holdings Ltd.-led bid has been shortlisted to buy power assets from Temasek Holdings Ltd., the investment unit of the Singapore government, the South China Morning Post reported, citing unidentified people in the market.

Temasek is aiming to finalize the agreement by the end of the year, the Hong Kong-based newspaper said today. The deal may be worth as much as $2.5 billion, the newspaper said.

CLP's partners in the bid include Japanese Itochu Corp. and Thailand Electricity Generating Public Co., the report said. CLP is Hong Kong's biggest power supplier.

To contact the reporter on this story: Kelvin Wong in Hong Kong at kwong40@bloomberg.net