Marubeni consortium wins Senoko auction

The consortium will pay $2.77 billion to buy Singapore power generator Senoko Power from Temasek.

A Marubeni-led consortium has emerged as the winner of an auction for SingaporeÆs largest power generating company Senoko Power, at an enterprise value of S$3.97 billion $2.77 billion.

The consortium, named Lion Power, includes JapanÆs Marubeni Corporation with a 30% stake, French firm GDF Suez with 30%, JapanÆs Kansai Electric Power and Kyushu Electric Power with 15% each, and the Japan Bank for International Cooperation with 10%. It was advised by Macquarie.

Temasek will be paid S$3.65 billion in...

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