Deliberations are ongoing and the owners could decide against any deal, the people said. Representatives for Engie, Marubeni and Senoko declined to comment.
The majority shareholders of Senoko Energy Pte. are considering selling their stakes in the Singapore-based power firm, seeking a valuation of as much as US$3 billion ($4.04 billion), according to people familiar with the matter.
Japan’s Marubeni Corp. and French utility Engie SA are working with financial advisers on the potential divestment, which could kick off as soon as this month, the people said. Marubeni and Engie each own a 30% stake in the utility firm, the people said, asking not to be identified as the process is private.
