Sembcorp Industries Buys Additional Stake in Senoko Energy; Shares Up 2%

MT Newswires

2025/06/16

Sembcorp Industries (SGX:U96), through its wholly owned subsidiary, Sembcorp Utilities, has completed the acquisition of an additional 28.6% stake in Lion Power (2008) for S$72 million, according to a filing with the Singapore Exchange on Friday.

The deal boosts the company's stake in Senoko Energy to 50%.

The consideration comprises a purchase price of S$69 million and a working capital adjustment of S$3 million.

Shares of the company were up nearly 2% in recent trading.

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