Keppel and Sembcorp Marine streamline deal to join forces
Proposed combination is now structured as an acquisition by Sembcorp Marine of Keppel O&M, instead of a merger
‘This simplifies implementation, provides greater deal certainty and accelerates the transaction, as there will no longer be a need to form a separate listed combined entity to hold Keppel O&M and Sembcorp Marine,’ Keppel Corp’s chief executive Loh Chin Hua says