agreed to sell fully-owned subsidiary PowerSeraya Limited to Sabre Energy Industries Pte Ltd for a total of S$3.8 billion. Sabre, a wholly-owned subsidiary of Malaysia’s leading power company, YTL Power International Berhad, will pay S$3.6 billion and assume S$201 million of adjusted net debt. The transaction is expected to be completed in early 2009. PowerSeraya…
SINGAPORE: Temasek sells PowerSeraya to YTL Power for S$3.8 billion, including S$201 million in debt
Posted on December 8, 2008 by EnergyAsia