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Sembcorp Industries to buy UK Power Reserve for $288 mln

LONDON: Integrated energy group Sembcorp Industries has agreed to buy UK Power Reserve, Britain’s largest flexible power generator, for 216 million pounds ($288 million). The Singapore-listed company said on Thursday it was buying UK Power Reserve, which was founded in 2010 to meet growing demand for flexible reserve power capacity, from investment firm Equistone Partners […]

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