Trusteddocks.com - Ship Repair & Shipyard News

Sembmarine to buy Keppel unit for $3.2 bln, scraps merger plan


Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday.


wrote by Carsten Bullemer (about a year ago)