Then, it represented a 43% premium over the book value and net asset value of SembEnviro and its subsidiaries (SembEnviro group) as at June 30, 2024, after taking into account the estimated pre-completion dividend to be distributed from SembEnviro group.
Sembcorp Industries (Sembcorp) has completed the sale of the entire shareholding in its subsidiary Sembcorp Environment (SembEnviro) to SBT Investment 2, a wholly-owned subsidiary of TBS Energi Utama (TBS).
This follows the Nov 8, 2024 news when Sembcorp first announced its intention to sell 100% of its shares in SembEnviro for a total consideration of $405 million.
