French giant Vinci buys majority stake in Singapore engineering firm for S$250m

Singapore

HOMEGROWN mechanical and electrical (M&E) engineering solutions provider Wah Loon Engineering has sold its majority stake for an undisclosed sum to Vinci Energies Asia Pacific, a subsidiary of Euronext Paris-listed infrastructure and construction giant Vinci SA.

The deal is estimated to be worth about S$250 million for an approximate 80 per cent stake in Wah Loon Engineering, according to back-of-the- envelope calculations by brokers.

Following the transaction, Wah Loon founder and managing d…