You are here

Keppel sells facilities management unit to GDF Suez

Friday, November 28, 2014 - 22:13

keppelcorp291114.jpg
KEPPEL Corp has sold Keppel FMO (KFMO) to a subsidiary of French energy giant GDF Suez Group for S$44.72 million in cash, subject to a post-closing adjustment for working capital and a S$9.72 million deferred consideration if KFMO achieves certain targets.

KEPPEL Corp has sold Keppel FMO (KFMO) to a subsidiary of French energy giant GDF Suez Group for S$44.72 million in cash, subject to a post-closing adjustment for working capital and a S$9.72 million deferred consideration if KFMO achieves certain targets.

Incorporated in Singapore, KFMO provides integrated facilities management for clients in the public and private sectors. Its adjusted book value and net tangible assets (on cash-free basis) as at end December 2013 stood at S$11.98 million.

GDF Suez's Cofely South East Asia Pte Ltd designs, implements and delivers integrated facilities management solutions.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom