The Business Times
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OFFSHORE CONSOLIDATION

Keppel, Sembmarine begin talks on merger of O&M operations

Market watchers are unsurprised by the development, and believe this could lead to a re-rating of Keppel's shares

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Uma Devi

Uma Devi

Published Thu, Jun 24, 2021 · 09:50 PM

    Singapore

    BN4 and S51 (Sembmarine) will kick off talks that could see a merger of their offshore and marine (O&M) operations and leave both companies in stronger positions.

    The two companies on Thursday signed a non-binding memorandum of understanding (MOU) to enter into exclusive talks with the aim of merging Keppel O&M and Sembmarine.

    Keppelsembcorp marineM&A

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