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Keppel takes full control of Keppel Bay Tower
Share swap with Mapletree also sees it divesting 39% interest in two Harbourfront towers
Add BT as a preferred sourcePublished Wed, Dec 30, 2015 · 09:50 PM
Singapore
KEPPEL Group on Wednesday said it has completed a share swap with Mapletree Investments that would see Keppel holding full control of office building Keppel Bay Tower.
Keppel has acquired the remaining 30 per cent interest in Harbourfront One Pte Ltd - which holds Keppel Bay Tower - from Mapletree for S$180.9 million. This was done through K-Commercial Management, which is fully held by Keppel Land.
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