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Sembcorp Industries completes sale of unit for £104.5 million in cash

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SEMBCORP Industries on Thursday said it has completed the sale of all of Sembcorp Bournemouth Water Investment that translated into cash proceeds of £104.5 million (S$214 million).

SEMBCORP Industries on Thursday said it has completed the sale of all of Sembcorp Bournemouth Water Investment that translated into cash proceeds of £104.5 million (S$214 million).

The sale of the unit - which mainly operates a regulated municipal water business based in Bournemouth, UK - to Pennon Group was transacted through its UK subsidiary, and is expected to yield a net gain of £25 million for the group for the financial year ending Dec 31, 2015.

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