Sembcorp Ind bags $214m from Bournemouth Water sale, starts work on $300m China wind farm

Its renewable energy business is gaining steam.

Sembcorp Industries has bagged $214m in cash proceeds from the divestment of its 100% stake in Sembcorp Bournemouth Water (SBW), a holding entity involved in the operation of a regulated municipal water business
based in Bournemouth, UK.

SBW was snapped up by Pennon Group for an enterprise value of approximately S$393 million (£191.5 million)
with cash proceeds from the sale of approximately $214 million (£104.5 million).

In a separate announcement, Sembcorp Industries also revealed that it will commence work on a $300m (RMB1.3b) wind farm in Laoshibeihe this year.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!