Sembcorp now owns 100% of Sembcorp Utilities (Netherlands)
Remaining shares have been transferred at US$10.13 per share.
Sembcorp Industries announced that it now owns 100% of the shareholding in Sembcorp Utilities (Netherlands) N.V., formerly known as Cascal N.V.
This followed the completion of squeeze-out proceedings under the Dutch Civil Code in the Netherlands.
The remaining 465,870 shares, representing 1.5% of the total ordinary issued shares, have been transferred to Sembcorp’s wholly-owned subsidiary Sembcorp Utilities.
The price was determined by the Dutch Enterprise Chamber.