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

wrote by Carsten Bullemer (3 months ago)

https://www.reuters.com/markets/deals/singapores-sembmarine-buyout-keppel-corps-om-unit-revised-32-bln-deal-2022-10-27/


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.

 

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