Keppel Corp, Mergers

Keppel Corp, Mergers

Keppel associate drops merger bid to create offshore housing giant

Keppel associate drops merger bid to create offshore housing giant

14.2.2020

Keppel associate drops merger bid to create offshore housing giant

SINGAPORE - Keppel Corp said on Friday (Feb 14) that its associate company Floatel International and Oslo-listed Prosafe have dropped their bid to merge in a combination that would have created the world's largest offshore accommodation provider.. Read more at straitstimes.com.

In a regulatory update on Thursday (Feb 13), Keppel said Floatel and Prosafe"were of the view that any near-term completion of a value-enhancing merger was unlikely".

Keppel said the discontinuation of the proposed deal is not expected to have a material impact on its net tangible assets or earnings per share for the current financial year.

Fels Offshore's resultant shareholding in the post-merger Prosafe would have been about 22 per cent.

Read more: The Straits Times

Singapore stock watch: DBS, OCBC, Keppel, Sats, SBS Transit, Hi-P, Far East H-TrustSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (Feb 14):. Read more at straitstimes.com.

Keppel associate drops bid to form offshore housing giantRead more at The Business Times.

Stocks to watch: DBS, OCBC, Keppel, Sats, Hi-P, Far East H-Trust, SBS TransitStocks to watch: dbsbank, ocbcbank, Keppel, Sats, Hi-P, Far East H-Trust, SBS Transit

Keppel associate drops bid to form offshore housing giantRead more at The Business Times.

Singapore stock watch: DBS, OCBC, Keppel, Sats, SBS Transit, Hi-P, Far East H-TrustSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (Feb 14):. Read more at straitstimes.com.

Stocks to watch: DBS, OCBC, Keppel, Sats, Hi-P, Far East H-Trust, SBS TransitStocks to watch: dbsbank, ocbcbank, Keppel, Sats, Hi-P, Far East H-Trust, SBS Transit



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