Sembcorp Industries to acquire a 30% stake in Senoko Energy from Engie.

Sembcorp Industries, a Singaporean state-owned energy and urban development company, agreed to acquire a 30% stake in Senoko Energy, a major supplier of electricity in Singapore, from Engie, a French multinational power company. Financial terms were not disclosed. The proposed acquisition will be complementary to Sembcorp’s current portfolio of energy assets, enhancing its capability to support Singapore's energy transition while providing for energy security and resilience for Singapore.