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Sembcorp Industries Terminates Acquisition of Philippine-Based Puente Al Sol

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Sembcorp Industries (SGX:U96) has decided to terminate its proposed acquisition of a 100% stake in Philippine-based Puente Al Sol, citing unfavorable market conditions and evolving strategic priorities, according to a Wednesday filing to the Singapore Exchange.

In January 2025, Sembcorp, through its wholly-owned subsidiary Sembcorp Energy Philippines, agreed to acquire 100% of the shares in Puente Al Sol for SG$105 million from CleanCurrent Renewable Energy.

The renewable energy company's shares were down nearly 1% in recent trade.

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