Latest news with #ElffieChew
Bloomberg
2 days ago
- Business
- Bloomberg
BofA's Soft Spot for Data Centers and Singapore
Hi, it's Elffie Chew in Singapore, where I've been speaking with BofA investment banker Martin Siah about the hot topic of data centers. Elsewhere today, bankers are risking a US backlash over the China deals boom in Hong Kong. Today's top stories
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Business Standard
16-07-2025
- Business
- Business Standard
Schneider Electric mulls buying Temasek's 35% stake in Indian JV
By Baiju Kalesh, Elffie Chew and Manuel Baigorri Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment. Schneider Electric India is 65 per cent owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro Ltd.'s electrical and automation operations. Schneider, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centers and factories.
Yahoo
18-03-2025
- Business
- Yahoo
Sembcorp is said to conduct strategic review of business
By Elffie Chew and Dong Cao (Bloomberg) — Sembcorp Industries Ltd. is carrying out a strategic review of its business, with various possibilities under consideration, including potentially going private or selling some assets, people with knowledge of the matter said. The Singaporean firm, which is backed by state-owned Temasek Holdings Pte, is working with a financial adviser on the review, according to the people, who asked not to be identified because the matter is private. Considerations are at an early stage and Sembcorp may decide not to pursue any deal, the people said. A spokesperson for Sembcorp said the company always assesses options to enhance shareholder value, including investments, divestment, restructuring, listing and capital management. 'As part of such assessments, we work with consultants from time to time, as the needs arise' the spokesperson said. 'The assessed options may or may not result in any form of transaction.' 'We will make the necessary announcements in accordance with the requirements in the SGX-ST Listing Manual where an initiative is material and has progressed to a stage where there is a high level of certainty,' the spokesperson added. Sembcorp's businesses include wind, solar, hydro and energy storage operations in Southeast Asia, China, India, the UK and Middle East, as well as gas and diesel-fired power plants in similar geographies, urban solutions such as waste and water management, and corporate decarbonisation services. Past restructurings include COVID-hit Sembcorp Marine's demerger in 2020. Sembcorp Industries' chief executive officer at the time said the move would help it focus on the energy and urban sectors. Sembcorp Industries also completed divestments in Chile, China and Panama that year. In 2024, it announced the sale of Sembcorp Environment Pte for $405 million. Sembcorp's shares have climbed more than 250 per cent since the end of 2020, giving the company a market value of $10.7 billion (US$8 billion). Net income rose about 7 per cent last year to $1 billion, while sales slipped 5.2 per cent to $3.21 billion. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
28-01-2025
- Business
- Bloomberg
DBS Veteran Lee on Singapore's Task of Bringing in Listings
Hi, it's Elffie Chew in Singapore, where I've been chatting with the global head of investment banking at the country's biggest lender about what's in store for this Southeast Asian financial hub. Elsewhere, Beacon Roofing takes a poison pill. Today's top stories
