PETALING JAYA: The cash-rich YTL group yesterday made its second major deal in Singapore in a six-week span, as it bought 100% of the island’s second largest independent power company.
YTL Power International Bhd
entered into an agreement with Singapore’s Temasek Holdings Ltd to buy PowerSeraya Ltd for S$3.8bil, which included S$200mil in debt.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
