FNPF completed the acquisition of 20% stake in EFL for $118m.

Fiji National Provident Fund, a Fiji's largest financial institution, completed the acquisition of a 20% stake in Energy Fiji, a public electricity supplier, from the government of the Republic of Fiji for $118m. Following the transaction, the government will retain 75% of the shares in EFL, with the remaining shares held by FNPF (20%) and the general public of Fiji (5%).