With the completion of the deal, Sembcorp has announced a management share plan so that interests can be aligned, with certain senior managers of Alinta to receive up to 3% of the equity in a new class of non-voting shares.
Lim Siew Khee and Meghana Kande of CGS International have kept their "add" call and $7.68 target price on Sembcorp Industries following the completion of its acquisition of Australia-based power company Alinta. The deal A$6.5 billion deal was first announced last December.
Under terms of the deal, Sembcorp will book a A$208 million one-off acquisition-related expense in 1HFY2026.
