Sembcorp Industries sells Sembcorp Energy India to Tanweer Infrastructure for S$2.1 bn
Written by: Planify
Published: 08 September 2022
Updated: 30 May 2024
1 min read
Synopsis The proposed sale is for a consideration of Qs 117 billion, (approximately S$2.1 billion) and will result in the deconsolidation of SEIL from Sembcorp, with Tanweer Infrastructure becoming the sole shareholder of SEIL on completion, the company said in a statement. Tanweer Infrastructure will settle the final consideration via a deferred payment note provided by SCU, it added.
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