Portugal's EDP said in talks to buy Southeast Asian renewables firm Sunseap

Portugal's EDP said in talks to buy Southeast Asian renewables firm Sunseap

FILE PHOTO: Maintenance officer Wilson Ting of Sunseap Leasing inspects photovoltaic solar modules on top of a block of Housing Development Board (HDB) public housing estate apartments in Singapore April 15, 2015. REUTERS/Edgar Su

Energias de Portugal is in advanced talks to acquire a majority stake in Sunseap Group in a deal that will value the Southeast Asian renewables firm at around S$1 billion ($742 million), three sources with knowledge of the matter said on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter