SINGAPORE (May 16): Hyflux on Wednesday announced it had received a non-binding letter of interest from a potential investor to acquire certain of the company’s assets in Algeria and Oman, as well as other assets in the Middle East and North Africa region.
The investor also showed interest in the operation and maintenance activities relating to these assets. The investor intends for this acquisition to grow its portfolio of desalination plants.
The identity of the investor was not revealed, but Hyflux only revealed that it was one of the top 10 largest desalination companies globally. The Investor is a subsidiary of one of the world’s leading infrastructure companies which is highly ranked for its expertise in transportation and greenfield infrastructure with a presence and workforce spanning five continents. The Investor is a specialist in engineering, construction, operation and maintenance of water treatment facilities, in particular water desalination plants, with a focus on build-own-operate-transfer, management of concessions and related services.