GMR Infrastructure said on Monday it agreed to sell a 30 per cent stake in its unit GMR Energy (Singapore) Pte Ltd to Petronas International Corp, a unit of Malaysian state-run oil firm Petronas.
It did not provide financial details of the deal.
GMR Energy is developing an 800 megawatt, gas-based power project on Jurong Island, Singapore, which will be set up by a consortium consisting of Siemens and Samsung, it said in a statement.
Leave Your Comment
6 years ago
GMR Infrastructure Ltd has completed the sale of 30 per cent stake in its Singapore subsidiary GMR Energy (Singapore) Pte Ltd to Malaysian State-run oil...
4 years ago
Infrastructure major GMR Group has entered into a share purchase agreement to sell its 70 per cent stake in power plant GMR Energy (Singapore) Pte...
1 year ago
GMR Infrastructure Ltd will sell a 30% stake in unit GMR Energy Ltd to Malaysian utility Tenaga Nasional Berhad for $300 million (about Rs 2,000...