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.
 

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley