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Home » News » Sembcorp Acquires Gelex Subsidiaries, Boosts Renewable Assets in Vietnam
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Sembcorp Acquires Gelex Subsidiaries, Boosts Renewable Assets in Vietnam

By Teri WrightNovember 12, 20231 Min Read
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Singapore-based Sembcorp Industries announced on Friday that its unit is set to acquire majority interests ranging from 73% to 100% in various subsidiaries of Gelex Group, in deals collectively valued at S$218 million ($160.22 million). The strategic move is expected to enhance Sembcorp's renewable energy footprint in Vietnam by incorporating 245 megawatts of operational wind,

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Acquisition Gelex Hydropower Renewable energy Sembcorp Singapore Vietnam
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