Utico says Hyflux rescue deal may be worth up to S$535 million

📆 7/17/2019 2:38 AM
📰 BusinessTimes

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THE deal that embattled water treatment company Hyflux and its potential white knight Utico are progressing towards could be worth as much as S$535 million, said Utico in a statement on Tuesday. Read more at The Business Times.

The deal that embattled water treatment company Hyflux and its potential white knight Utico are progressing towards could be worth as much as S$535 million, said Utico in a statement on Tuesday.THE deal that embattled water treatment company Hyflux and its potential white knight Utico are progressing towards could be worth as much as S$535 million, said Utico in a statement on Tuesday.

In addition, Utico intends to offer the cash equivalent of a 4 per cent stake in the enlarged Utico group plus additional cash to holders of Hyflux's perpetual securities and preference shareholders.On Tuesday, Utico said that the equity valuation of Hyflux is set at S$340 million and that the total deal value could be S$535 million, higher than an earlier failed deal of S$530 million that SM Investments had proposed.

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