UAE's Utico submits binding offer to invest in Singapore's Hyflux: CEO - Reuters:
Utico FZC has submitted a binding offer to invest S$400 million ($294 million) in Singapore’s indebted water treatment firm Hyflux Ltd, the chief executive of the United Arab Emirates-based utility said on Sunday.
Utico had submitted a non-binding letter of intent this month to invest in the Singaporean firm.
Utico would provide working capital and any urgent interim funding to Hyflux as part of the offer, Richard Menezes said.
No comments:
Post a Comment