Marubeni, Engie Weigh Singapore's Senoko Energy Exit, Sources Say [Yahoo! Finance]
MARUBENI CORP UNSP/ADR (MARUY)
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Source: Yahoo! Finance
Most Read from Bloomberg A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Ukraine's Army Chief Replaced After Rift With Zelenskiy Einhorn Says Markets ‘Fundamentally Broken' By Passive, Quant Investing Bonds Fall After $25 Billion Sale as Stocks Churn: Markets Wrap Epstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings Claim Japan's Marubeni Corp. and French utility Engie SA are working with financial advisers on the potential divestment, which could kick off as soon as this month, the people said. Marubeni and Engie each own a 30% stake in the utility firm, the people said, asking not to be identified as the process is private. Deliberations are ongoing and the owners could decide against any deal, the people said. Representatives for Engie, Marubeni and Senoko declined to comment. The Senoko owners are joining Temasek Holdings Pte and Shell Plc in selling their power assets in Singapore. The city-state's investment firm is working
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