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Singapore Shipbuilding Finance

Temasek’s Keppel Corp offer renews yard merger speculation

Shares in Singapore’s other leading yard group, Sembcorp Marine, soared right after news broke on Temasek’s billion-dollar offer. Singapore’s sovereign wealth fund moving in to take control of Keppel Corp is seen as one step closer to merging Keppel O&M with SembMarine, an analyst says

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Sembcorp Marine’s share price was boosted on Monday as investors digested the news of an equity injection into Singaporean conglomerate Keppel Corp, provided by Temasek, the Singaporean holding company owned by the Government of Singapore

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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