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

Jaskiran Singh
Tuesday, February 28, 2023

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)


Categories: Offshore Energy Mergers & Acquisitions Industry News Activity Asia

Related Stories

DEME, Van Oord Secure Offshore Wind Work in Taiwan

DNV Approves Hanwha Ocean’s Floating Offshore Wind Turbine Design

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Current News

European firms exposed as Trump targets US offshore wind

US NatGas Demand Could Hit Record High

OMSA's Aaron Smith Reflects on Offshore Wind Development Pause

First Gas Flows to FLNG Gimi from BP’s GTA FPSO

Subscribe for OE Digital E‑News