Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary, TNB International Sdn Bhd (TNBI) has acquired the controlling equity stake in Vortex Solar Investments S.a.r.l (Vortex Solar) from Beaufort Investments S.a.r.l, a subsidiary of EFG Hermes Holding SAE.

The proposed deal is worth £11 million.

TNB’s president and chief executive officer, Amir Hamzah Azizan in a statement today said the acquisition would increase TNB’s equity interest...