Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 12-03-2020 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | YTL Power International Proposed Acquisition of Tuaspring Pte Power Assets | Industry: | Electricity |
| Description: |
On 12 March 2020 YTL Power International Berhad announced that it had entered into a put and call option agreement for the proposed acquisition of the power plant and associated assets of Tuaspring Pte Ltd by its subsidiary, Taser Power Pte. Ltd, a wholly-owned subsidiary of YTL PowerSeraya Pte Limited. The Assets were sold via a receiver and manager process managed by Baker Tilly Advisory Pte Ltd following an enforcement event under Tuaspring Pte Ltd?s banking facilities provided by Malayan Banking Berhad, Singapore Branch. There was a total purchase consideration of SGD331,450,000 to be settled as to SGD230,000,000 in cash and SGD101,452,000 comprising ordinary shares and loan notes amounting to 7.54% of the post-acquisition equity in YTL Utilities (S) Pte Ltd, the immediate holding company of YTLPS.
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| Financial Center: | London | Value: | 500.01-1000.00 |
| Advised Party: | Purchaser | Law Firm | Slaughter and May |
| Assets Jurisdiction | Malaysia | Purchaser Jurisdiction | Malaysia |
| Classification: |
Transfer of Infrastructure Assets Power Stations |
Lawyer | Simon Hall |
