Keppel Oil Rig And Sembcorp Marine To Merge? Should John Tan Invest In Oil Or Focus O

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Keppel Oil Rig And Sembcorp Marine To Merge? Should John Tan Invest In Oil Or Focus O

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25-06-2021, 09:10 AM

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Keppel Oil Rig And Sembcorp Marine To Merge? Should John Tan Invest In Oil Or Focus O

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: Keppel Corp and Sembcorp Marine have agreed to explore a potential tie-up that would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn.

A deal would see Keppel spin off the new business into a listed entity and ultimately exit the legacy business, with Singapore state investor Temasek becoming the largest shareholder in the combined...

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