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Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30

Felicia Tan
Felicia Tan3/31/2022 06:26 PM GMT+08  • 2 min read
Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30
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Keppel Corporation and Sembcorp Marine (SembMarine) has, on March 31, announced that they have made “significant progress” on advancing the proposed combination of Keppel Offshore & Marine (Keppel O&M) and SembMarine.

The progress includes mutual due diligence, the transaction structure, exchange ratio and other related matters.

However, more time and deliberation will be required to complete the due diligence, says Keppel Corp and SembMarine in a joint statement.

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