Utico sweetens bid for troubled Singapore water utility Hyflux

Utico sweetens bid for troubled Singapore water utility Hyflux

Source: Hyflux headquarters in Singapore. (Photo by Mayuko Tani, Nikkei Asian Review)

UAE-based utility operator Utico FZC said Thursday it increased its bid for Singapore water utility to S$485 million ($384.48 million) in a cash and stock deal, up from a previous offer of around S$400 million.