Summary: Sembcorp Industries’ subsidiary, Sembcorp Utilities, plans to acquire a majority stake in Senoko Energy, potentially increasing its interest from 30% to 70%. The proposed acquisition, subject to Marubeni Corporation’s pre-emption, aims to expand opportunities for both companies in the energy transition and sustainable energy delivery.

Link: https://www.businesstimes.com.sg/companies-markets/sembcorp-unit-proposes-more-double-stake-senoko-energy