A leading water utilities expert with several years in leadership positions, Menezes’ experience and comments will add an important dimension to what is potentially a very important discussion for the region’s water future
richard menezes
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UAE’s Utico plans IPO in 2021
Utico says its advisors are in negotiations to list the company through an Dh3bn valuation IPO in Dubai later this year
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UAE’s Utico to expand workforce with Dh750mn New Desalination Facility Coming on Stream in 2020
Company to recruit 100 more to its workforce mostly in the UAE, and in its new markets of Saudi Arabia, Oman and Singapore
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Utico to own 88 per cent of Singapore’s Hyflux
Total deal value seen at S$535 million; Hyflux will remain a separate listed entity
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Utico Extends Hyflux Deal Validity to 27 June, offers Town Hall to PNP in July
Utico has requested that a PNP town hall is arranged during the week commencing 7 July 2019 if a binding agreement is entered into in line with the time line referred to above
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UAE’s Utico on the path for global expansion
UAE based water company, Utico, has dominated world headlines over the past few weeks since being revealed as the mystery white knight in the acquisition of Singapore’s struggling water company, Hyflux. Utico’s CEO, Richard Menezes, says that this is just the beginning as the company scales new heights in the global water utilities industry
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Utico meets SIAS and PUB on Hyflux deal
During the meeting, Utico offered part cash redemption and also a hope for full redemption with a plan and exit option
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UAE’s Utico reveals why it is interested in Singapore’s Hyflux
In an interview with Utilities Middle East, Richard Menezes, managing director, Utico, said that the company is in the process of acquiring two internationally renowned utilities companies once the deal with Singapore’s Hyflux is secured. He says that this fits into the company’s ongoing expansion strategy.
Posted inNEWS
Utico Offers Town Hall for Hyflux Investors
Utico, which recently unveiled a S$400 million binding offer White Knight investment to Hyflux, said that this bonafide endeavour of inviting retail investors for a town hall meeting was intended for a resolution to support the Hyflux deal
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UAE’s Utico provides Singapore’s Hyflux a $292mn binding agreement
The agreement includes interim funding possibility as well as engagement with Public Utilities Board (PUB) and retail investors to strike out a win-win deal.