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Friday, March 24, 2023

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Maritime Activity Reports, Inc.

February 28, 2023

(Photo: Keppel Offshore & Marine)

(Photo: Keppel Offshore & Marine)

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. 

($1 = 1.3484 Singapore dollars) 

(Reuters - Reporting by Jaskiran Singh in Bengaluru; Editing by Savio D'Souza)


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