Utico in talks with two potential partners for Hyflux acquisition

Utico in talks with two potential partners for Hyflux acquisition

People gather during a protest on Hyflux Ltd. debt restructuring plan in Singapore on March 30. Photographer: Bryan van der Beek/Bloomberg

Utico FZC said Friday it has been approached by two parties interested in investing in the UAE-based company after it completes the acquisition of Singapore’s troubled wastewater treatment company Hyflux.