Sembmarine's recapitalisation plan: Is more restructuring really afoot?
Regulators should demand all parties involved address persistent talk of a merger with Keppel's offshore and marine arm
Add BT as a preferred source
IF I had a dollar for every time someone said that Sembcorp Marine (SCM) would be taken private, or that it will eventually be merged with the offshore and marine arm of Keppel Corp, I might have enough money to mount a takeover of the company myself.
The idea of combining Singapore's two leading offshore and marine companies seems compelling on the surface. Both of them are ultimately controlled by Temasek Holdings. And, if they were combined, they would be better able to compete for offshore and marine contracts around the world - at least, that is what I keep hearing in the market.
For years, I assumed this was something the companies themselves quietly whispered into the ears of analysts and journalists. Certainly, there was never any pushback from the companies when such assertions were made in analyst reports and media commentaries.
