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1MDB settles Abu Dhabi debt by selling stakes in firms to China

December 28, 2017 5:00 AM

State-owned 1Malaysia Development Berhad (1MDB) has made the final settlement of US$602.7 million (S$808 million) in debt obligations to Abu Dhabi’s International Petroleum Investment Company (Ipic), by divesting its stake in two companies to buyers linked to Chinese state-owned enterprises.

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