Sembcorp Industries to acquire Australian energy firms for $4.32 billion

Sembcorp Industries

11/12/2025 11:06

Dec 11 (Reuters) - Sembcorp Industries SCIL.SI said on Thursday its unit will buy two Australian energy entities, Pioneer Sail Holdings and Latrobe Valley Power (Holdings), from Chow Tai Fook Enterprises and Pioneer Sail for an enterprise value of A$6.5 billion ($4.32 billion).

($1 = 1.5038 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Roushni.Nair@thomsonreuters.com))