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.

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