Bernama.com, 2 Dec 2008
SINGAPORE, Dec 2 (Bernama) -- Temasek Holdings today announced that it had sold the third and last power generation company in its stable, PowerSeraya Ltd, to Malaysias leading power company YTL Power International Bhd for S$3.8 billion.
The company said it had signed a share purchase agreement this evening with Sabre Energy Industries Pte Ltd, a wholly-owned subsidiary of YTL Power International for the 100 percent sale of its wholly-owned PowerSeraya Ltd.
Sabre Energy will pay S$3.6 billion in aggregate consideration and assume S$201 million of adjusted net debt of PowerSeraya Ltd as at March 31 of this year.
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