SINGAPORE: Keppel Corp Ltd. has offered to buy Singapore Press Holdings Ltd. for S$2.2 billion ($1.6 billion) to expand the conglomerate’s business in retail malls, student accommodation and senior living.
The proposed deal, expected to be completed in December, would come after SPH spins off its media assets. Keppel plans to delist SPH as part of the transaction, the companies said in a statement Monday.
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