Finance / Singapore
Marubeni Group Gets Senoko Power For US$2.5bn
September 2008 | Top StoriesA US$2.5bn bid by the Maurbeni-led 'Lion Power' consortium has seen it emerge as the winner in the auction for Senko Power, Singapore's largest power generating company. The utility was being sold by Singapore's state-owned investment company, Temasek Holdings. Lion Power was comprised of Marubeni, one of the largest trading companies in Japan, with a 30% stake, and French energy firm GDF Suez, also with a 30% share. In addition, Japan's Kansai Electric Power and Kyushu Electric Power took 15% each, with the remaining 10% going to the Japan Bank for International Cooperation.
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