Mergers, Acquisitions & Exits

Temasek withdraws from planned SG$4bn share purchase in Keppel Corp

IBI 2020-08-13T14:50:00

Marina at Keppel Bay 3

A planned SG$4bn investment by Temasek, the sovereign wealth fund of Singapore, to gain a majority stake in Keppel Corporation, one of the biggest operators in the shipbuilding, offshore and real estate sectors in the island state, has been aborted following the recent poor financial performance of the group.

A planned SG$4bn investment by Temasek, the sovereign wealth fund of Singapore, to gain a majority stake in Keppel Corporation, one of the biggest operators in the shipbuilding, offshore and real estate sectors in the island state, has been aborted following the recent poor financial performance of the group.

Among the real estate assets of Keppel Corp is Marina at Keppel Bay…

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