YTL Power acquires PowerSeraya from Temasek


  • Business
  • Wednesday, 03 Dec 2008

PETALING JAYA: The cash-rich YTL group yesterday made its second major deal in Singapore in a six-week span, as it bought 100% of the island’s second largest independent power company.

YTL Power International Bhd entered into an agreement with Singapore’s Temasek Holdings Ltd to buy PowerSeraya Ltd for S$3.8bil, which included S$200mil in debt.

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