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Biwater Tenders Its 58.4% Stake in Cascal to Sembcorp

作者:AG集&# 时间:2019-02-06


SINGAPORE, May 31 /PRNewswire-Asia/ -- Sembcorp Industries (Sembcorp) today announces that following the commencement of its wholly owned subsidiary Sembcorp Utilities' tender offer for all of the issued and outstanding common shares of Cascal N.V. (Cascal) on May 21, 2010, Biwater Investments Limited, the majority stockholder of Cascal, has tendered its 17,868,543 shares of Cascal in the tender offer in accordance with the previously disclosed tender offer and stockholder support agreement. This represents approximately 58.4% of the outstanding common shares of Cascal, based on the 30,581,343 shares reported by Cascal to be issued and outstanding as of December 31, 2009.

Sembcorp is offering to acquire all the common shares of Cascal in its ongoing tender offer at a price of US$6.75 per share, provided that at least 80% of the issued and outstanding shares of Cascal on a fully diluted basis are validly tendered and not withdrawn. If at the time of the scheduled expiration of the tender offer, less than 80% of the outstanding common shares of Cascal on a fully diluted basis have been validly tendered and not withdrawn, Sembcorp will reduce the tender offer price to US$6.40 per share. The offer and withdrawal rights will expire at 11:00 a.m. New York City time on June 21, 2010, unlesAAAAtendeAAAAAAAA> ABOUT SEMBCORP INDUSTRIES

Sembcorp Industries is a leading energy, water and marine group. With facilities with over 3,800 megawatts of power capacity and over four million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to customers in Singapore, the UK, China, Vietnam, the UAE and Oman.

Aside from its energy and water business, the Sembcorp Industries Group also encompasses a world leader in marine & offshore engineering, as well as an established provider of environmental services and developer of integrated townships and industrial parks. The Group has total assets of over S$9 billion and employs more than 6,700 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index and several MSCI indices.

Note to Editors:

Following a company rebrand, please refer to the company as "Sembcorp" (with "S" in upper case and "c" in lower case), or "Sembcorp Industries" in full. Please also note that "Sembcorp" is not an abbreviation of "Sembawang Corporation" but a brand name in itself, and it is therefore incorrect to refer to our company as "Sembawang", "Sembawang Corporation" or similar.

For media and analysts queries please contact:

For Singapore

Ng Lay San (Ms)

Vice President

Group Corporate Relations

Tel: +65-6723-3150

Email: ng.laysan@sembcorp.com

Fock Siu Ling (Ms)

PR Counsel

Group Corporate Relations

Tel: +65-6723-3152

Email: fock.siuling@sembcorp.com

Lim Yuan See (Ms)

Associate Director, Singapore

Kreab Gavin Anderson

Tel: +65-6339-9110

Email: ylim@kreabgavinanderson.com

For US

Richard A. Mahony (Mr)

Managing Partner, New York

Kreab Gavin Anderson

Tel: +1-212-515-1960

Email: rmahony@kreabgavinanderson.com

For UK

Natalie Biasin (Ms)

Associate Director, London

Kreab Gavin Anderson

Tel: +44-20-7074-1864

Email: nbiasin@kreabgavinanderson.com

本文源自: 环亚娱乐

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