Ondeo’s Singspring stake handed to Hyflux
- From: Vol 4, Issue 7 (July 2003)
- Category: General
- Region: Asia
- Country: Singapore
- Related Companies: BNP Paribas, Hyflux and Ondeo
Ondeo has withdrawn from another Asian water deal – Singapore’s Tuas seawater desalination project – thereby making the Singspring SPV a wholly owned Hyflux subsidiary.
Singapore’s Hyflux has acquired Ondeo’s 30% stake in the SingSpring consortium – the SPV formed to build, own and operate Singapore’s first desalination plant. The Ondeo shares were transferred to Hyflux, which is now the 100% shareholder in SingSpring, for a nominal sum.
When completed in the second half of 2005, the 30MIGD desalination plant – situated in Tuas ...
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