Independent journal on economy and transport policy
11:57 GMT+2
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The merger agreement of Keppel Offshore & Marine and Sembcorp Marine has been signed
Temasek will hold 33.5% of the new company
April 27, 2022
The agreement, under which Keppel O&M will pay 500 million Singapore dollars (363 million US dollars) in cash to the parent company Keppel Corporation, provides that the Keppel shareholders will go 56% of the capital of the new company and shareholders of Sembcorp Marine the remaining 44%. Temasek, the investment firm of the Singapore government which is a shareholder of both Keppel Corporation and Sembcord Marine, will own 33.5% of the new company.
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The agreement, under which Keppel O&M will pay 500 million Singapore dollars (363 million US dollars) in cash to the parent company Keppel Corporation, provides that the Keppel shareholders will go 56% of the capital of the new company and shareholders of Sembcorp Marine the remaining 44%. Temasek, the investment firm of the Singapore government which is a shareholder of both Keppel Corporation and Sembcord Marine, will own 33.5% of the new company.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
