Senoko Energy is a major supplier of electricity in Singapore, and is currently held through Engie’s wholly-owned subsidiary, TWMB Holdings B.V.
Sembcorp Industries (Sembcorp) and its wholly-owned subsidiary, Sembcorp Utilities, has signed a sale and purchase agreement with Engie Global Developments B.V. (Engie), to acquire its 30% interest in Senoko Energy.
The proposed acquisition is set to be funded through Sembcorp’s internal cash resources and, or external borrowings, according to a release by the group dated Sept 17.
