The proposed acquisition is subject to conditions precedent including the pre-emption rights of the other shareholders of Senoko Energy.
The Energy Market Authority (EMA) has reviewed and has no objections to Sembcorp Industries (SGX:U96
) ’ proposed acquisition of 30% interest in Senoko Energy held by TWMB Holdings, a wholly-owned subsidiary of ENGIE Global Development.
This takes into consideration the commitments proposed by Sembcorp to adhere to and ensure fair market competition, the company says in a filing.
