KUALA LUMPUR/SINGAPORE Feb 28 State investor
1Malaysia Development Bhd has shortlisted at least six
investment banks to make final presentations for its planned IPO
of its power assets, which is expected to raise up to $2
billion, people familiar with the matter told Reuters.
The banks are expected to make their underwriting pitches in
early March, the people said.
CIMB, Deutsche Bank, Goldman Sachs
, Maybank, Morgan Stanley and UBS
are among the banks invited for the so-called beauty
parade, they said.
The list of banks has been whittled down after a dozen banks
made proposals in the initial stage of the process in January,
Representatives for the banks and 1MDB were not immediately
available for comment.