The consortium, named Lion Power, includes JapanÆs Marubeni Corporation with a 30% stake, French firm GDF Suez with 30%, JapanÆs Kansai Electric Power and Kyushu Electric Power with 15% each, and the Japan Bank for International Cooperation with 10%. It was advised by Macquarie.
Temasek will be paid S$3.65 billion in cash and the consortium will take on S$323 million of debt on SenokoÆs books. The deal, on which Temasek was advised by Credit Suisse and Morgan Stanley, will be completed by September 12.
Senoko Power...
¬ Haymarket Media Limited. All rights reserved.
