Keppel Fels Hopes To Grab Hold Of Europe's Offshore Market
Keppel Fels Energy & Infrastructure Ltd, seeking a foothold in the European offshore market, said on Monday it was in talks to take over Dutch repair and conversion yard Verolme Botlek. The Singapore company gave no indication of the likely cost of acquiring the Rotterdam yard, which has three dry docks and is owned by Wilton Fejinoord Holdings. "This possible acquisition will provide Keppel Fels with an opportunity to expand our network in Europe and to service our customers in the North Sea," a spokeswoman said. She said the planned purchase of the yard was in line with the firm's strategy, outlined at the beginning the year, to move physically closer to its customers.
Keppel Fels Abandons Verolme Botlek Pursuit
Keppel Fels Energy & Infrastructure Ltd. said it has aborted its planned purchase of Dutch repair and conversion yard Verolme Botlek. Keppel Fels, the offshore rig-building division of Keppel Corp., said in a statement to the Singapore Exchange that it had ceased negotiations with Wilton Fejinoord Holdings after the "expiry of the letter of intent." Keppel Fels, which was seeking a foothold in the European offshore market, said in November it was in talks with Wilton to acquire the Rotterdam yard, which has three dry docks. - (Reuters)
