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Temasek, Singapore’s state investment corporation, could be initiating a move that may just electrify the energy market.

Let’s take a moment to dive into the vital details:

  • Goldman Sachs Hired: Entrusted with the task of finding a potential buyer for Singapore Power’s 40% share in Jemena, an Australian gas and electricity distributor, Goldman Sachs is at the helm of this ambitious operation.
  • Deal Value: This isn’t a small-scale endeavor – the anticipated value of this stake is speculated to be a massive A$6B ($3.79B), taking Jemena’s worth up to A$15B.
  • Deal Context: Jemena manages extensive electricity and gas distribution networks across Australia, and is recognized as the top gas distributor in New South Wales. To put it in perspective, Jemena successfully delivers gas to over 1.5 million clients annually.

Temasek has chosen to sidestep market speculation, and Goldman Sachs has remained tight-lipped.

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