India’s GMR Infrastructure (GMRI.NS) said on Monday it agreed to sell a 30% stake in its unit GMR Energy (Singapore) to Petronas International Corp, a unit of Malaysian state-run oil firm Petronas.
It did not provide financial details of the deal.
GMR Energy is developing an 800 megawatt, gas-based power project on Jurong Island, Singapore, which will be set up by a consortium consisting of Siemens (SIEGn.DE) and Samsung (028050.KS), it said in a statement.
Monday, September 26, 2011
India's GMR Infrastructure sell 30% in Singapore unit to Petronas
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