PF Archive

YTL buys Power Seraya

03 12 2008

Sabre Energy - a subsidiary of YTL Power International - has agreed to buy Singapore power generator Power Seraya from Temasek Holdings with an unsolicited bid of S$3.6 billion ($2.4 billion) after Temasek cancelled the sale on November 25. DBS Group is sole underwriter on a S$2.25 billion...