A privatization in Singapore

But not the type you expected.

There will be many investment bankers who hoped that privatization would finally happen in Singapore this year, after a hiatus.

Well, it is, but not the type they perhaps hoped for. While PSA and Singapore Power seem to have been interminably postponed, Singapore entities have started another form of privatization - the sort where they take their listed subsidiaries private.

Earlier this year Keppel privatized its marine engineering business, and now SembCorp Industries wants to the privatize SembCorp...

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