SUBSCRIBERS
Utico says it's been approached by potential partners for Hyflux deal
Add BT as a preferred source
Fiona Lam
Published Fri, Jun 12, 2020 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
TWO parties are looking to acquire shares in Utico. If successful, the deal could value the United Arab Emirates-based utilities group at up to US$1.5 billion.
In its press statement on Friday, Utico said the interested parties have interests in the Gulf Cooperation Council, the UK, Singapore and Indonesia. It did not disclose the size of the stake that may be acquired.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
