UAE's Utico seals restructuring deal with Singapore's Hyflux

UAE's Utico seals restructuring deal with Singapore's Hyflux

Source: Hyflux headquarters in Singapore. (Photo by Mayuko Tani, Nikkei Asian Review)

United Arab Emirates-based utility Utico FZC said on Tuesday it had agreed a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.

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