General Announcement::Updates on the sale of Mong Duong 2 Power Plant in Vietnam

Issuer & Securities

Issuer/ Manager
MONG DUONG FINANCE HOLDINGS B.V.
Securities
MONGDUOUS$678.5M5.125%N290507A - US60935DAA37 - HTBB
MONGDUOUS$678.5M5.125%N290507R - USN6000DAA11 - YBZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Nov-2023 14:48:35
Status
New
Announcement Sub Title
Updates on the sale of Mong Duong 2 Power Plant in Vietnam
Announcement Reference
SG231130OTHR0GWV
Submitted By (Co./ Ind. Name)
Mong Duong Finance Holdings
Designation
Announcement
Effective Date and Time of the event
30/11/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
30 November 2023 The AES Corporation signed an agreement to sell its 51% stake in the AES Mong Duong Power Company Limited and Mong Duong Finance Holdings B.V. to Sev.en Global Investments Pty Ltd which is wholly owned subsidiary of the Sev.en Global Investments a.s. ( Sev.en GI ). Following approvals by the Government of Vietnam and the Ministry of Industry and Trade, the anticipated close for the transaction is in line with AES intent to exit the majority of its coal assets by the end of 2025. Sev.en GI has represented to AES that it is a Qualified Transferee as defined in the indenture governing the 5.125% Senior Secured Notes Due 2029 issued by Mong Duong Finance Holdings B.V.
Sev.en GI is a family office investment group based in the Czech Republic and already present on three continents: Europe, North America, Australia. The group targets restructuring and growth acquisition opportunities across various industries worldwide. Sev.en GI s aggregate equity value as of 12/2022 is at level of 2,200 million USD and the group has 3,090 MW of total installed capacity for electricity generation.

Attachments

SGX Notice.pdf
Total size =75K