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

(Photo: Keppel Offshore & Marine)
(Photo: Keppel Offshore & Marine)

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)


Current News

Hess Sets Date for Shareholder Vote on Chevron Merger

Hess Sets Date for Shareholder

US Releases Offshore Wind Liftoff Report and Promises Funding

US Releases Offshore Wind Lift

US Interior Department Finalizes Offshore Renewable Energy Rule

US Interior Department Finaliz

US Plans 12 Offshore Wind Auctions Over Five Years

US Plans 12 Offshore Wind Auct

Subscribe for OE Digital E‑News

Offshore Engineer Magazine