Keppel takes 50% stake in US senior housing firm
Purchase price of up to around US$77.3m to be funded by Keppel's internal financial resources
Add BT as a preferred source
Janice Heng
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
KEPPEL Corporation is going into the senior housing sector, with its subsidiary Keppel Capital Senior Living acquiring a 50 per cent stake in United States senior housing operator Watermark Retirement Communities.
Keppel Capital Senior Living entered into a conditional equity purchase agreement with Watermark on Thursday, Keppel announced after the market closed.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
