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Keppel's Floatel associate in merger deal with Prosafe to create offshore housing giant

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Vivienne Tay

Vivienne Tay

Published Tue, Jun 4, 2019 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

KEPPEL Corp associate company Floatel International is merging with Oslo-listed Prosafe to create the world's largest offshore accommodation company.

FELS Offshore, a wholly owned subsidiary of Keppel's Offshore & Marine unit, currently owns a 49.92 per cent stake in Floatel.

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