# Utico to acquire 88% stake in Hyflux

Utico, a UAE-based utility company, agreed to acquire an 88% stake in Singapore's Hyflux, a water treatment company. The total deal value is approximately S$535 million, including a S$400 million commitment to Hyflux. Hyflux will remain a separate listed entity.

- Type: Acquisition
- Announced: 2019-07-16
- Where: Singapore, Singapore
- Value: $390.0M (535.0M SGD)
- Status: announced
- Products: water treatment solutions
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Hyflux](https://endata.com/companies/31273.md) (target)
- [Utico](https://endata.com/companies/40679.md) (acquirer)

## Sources

- [smartwatermagazine.com](https://smartwatermagazine.com/news/utico/utico-own-88-cent-singapores-hyflux), 2019-07-16: "The aim is to save time and move expeditiously as both Utico and Hyflux, investors and creditors are aware of the fact that time is of essence in preserving the value of the Singaporean company and arrest further slide."
- [smartwatermagazine.com](https://smartwatermagazine.com/news/utico/utico-signs-deal-rescue-singapores-hyflux), 2019-08-27: "Utico, based in the United Arab Emirates, said in a statement it had signed a restructuring agreement with Singapore's indebted water treatment company Hyflux Ltd, giving Utico 88 per cent of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.