The Energy Market Authority (EMA) has reviewed and has no objections to Sembcorp Industries U96 ’ proposed acquisition of 30% interest in Senoko Energy held by TWMB Holdings, a wholly-owned subsidiary of ENGIE Global Development.
This takes into consideration the commitments proposed by Sembcorp to adhere to and ensure fair market competition, the company says in a filing.
The proposed acquisition is subject to conditions precedent including the pre-emption rights of the other shareholders of Senoko Energy.
Sembcorp will continue to make such further announcements following any material developments.
Shares in Sembcorp closed at an unchanged $5.44 on Sept 20.
