On Apr 2, Sembcorp’s subsidiary Sembcorp Utilities signed a sale and purchase agreement with KPIC Netherlands B.V.1, Kyuden International Corporation and Japan Bank for International Cooperation, to acquire up to 57.1% interest in Lion Power.
Sembcorp Industries’ wholly-owned subsidiary has completed the acquisition of an additional interest in Senoko Energy for $72 million, bringing its total stake to 50%.
The acquisition is expected to be accretive to the earnings per share of Sembcorp for the financial year ending Dec 31, 2025, but it is not expected to have a material impact on the net tangible assets per share of Sembcorp.
