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YTL buys Power Seraya

03 December 2008

Sabre Energy - a subsidiary of YTL Power International - has agreed to buy Singapore power generator Power Seraya from Temasek Holdings with an unsolicited bid of S$3.6 billion ($2.4 billion) after Temasek cancelled the sale on November 25.

DBS Group is sole underwriter on a S$2.25 billion...

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