Utico chief executive Richard Menezes at a press conference announcing Majlis Industrial Services' investment earlier this year. The company has thrashed out a rescue deal for Singaporean utilities company Hyflux. Antonie Robertson / The National
Utico chief executive Richard Menezes at a press conference announcing Majlis Industrial Services' investment earlier this year. The company has thrashed out a rescue deal for Singaporean utilities coShow more

Markets

UAE's Utico finalises $400m rescue deal for Hyflux

The company will acquire a 95 per cent stake for a $300m equity injection and provide a $100m credit line

Michael Fahy
Michael Fahy

November 26, 2019

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