Sembcorp to sell unit for US$307 million in cross-border deal

Quick Summary:

Singapore-based Sembcorp Industries said on Friday (Nov 8) it will sell its unit Sembcorp Environment to a unit of Indonesian energy company TBS Energi Utama for S$405 million (US$306.6 million).

The proposed transaction is expected to be completed by the first half of 2025.

A truck entering the premises of a Sembcorp Environment in Tuas, one of the three material recovery facilities in Singapore, on Mar 6, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Deal Sembcorp Firm 2024 Utama Company Unit Energi Energy Environment Indonesian

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 15:50:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 213 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23477945

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