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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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.
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