Temasek’s offer for the additional interest in Keppel could make a merger between Keppel’s offshore and marine unit and rival Sembcorp Marine Ltd easier, Joel Ng, an analyst at KGI Securities Co said by phone.
SINGAPORE: Singapore’s Temasek Holdings Pte plans to take control of Keppel Corp for about S$4bil (US$3bil) and undertake a review of the oil-rig builder’s business that could involve a board shake-up.
The state-backed investor, which already owns about one-fifth of Keppel, offered to buy an additional 30.6% stake at S$7.35 a share, according to a statement.
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