Temasek-backed lifeline proposed for Sembmarine
Singapore sovereign wealth fund commits to subscribe up to S$600m of new rights shares to be issued by Sembmarine. This will mean Sembmarine will raise S$2.1bn from the proposed rights issuance, which will help the yard group deleverage and ride through the rest of a protracted downturn
Temasek is set to emerge as a direct shareholder in Sembmarine, with parent group Semb Industries exiting from the yard group
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Register for our free email digests: