De Brauw acted alongside Allen & Gledhill for Sembcorp Industries in the acquisition of ENGIE's 30% interest in Senoko Energy Pte. Ltd., which is held through a Dutch entity. Sembcorp Industries is a major Singaporean energy company backed by Temasek. Senoko Energy is a major electricity supplier in Singapore, playing a crucial role in meeting the electricity demand of key industries. The acquisition is aimed at enhancing Sembcorp's energy asset portfolio and supporting Singapore's energy transition while bolstering energy security and resilience. The completion of the acquisition is expected in the fourth quarter of 2024 and is contingent upon regulatory approvals from the Energy Market Authority of Singapore and the preemption rights of other Senoko Energy shareholders.