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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 15:50:00 (5 days 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)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23477945

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 58 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions