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Utico says signs deal to rescue Singapore’s Hyflux

SINGAPORE: United Arab Emirates-based utility Utico FZC said it had agreed a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.SINGAPORE: United Arab Emirates-based utility Utico FZC said it had agreed a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.