Sembcorp Marine and Keppel Offshore & Marine complete merger Photo: Lee Hong Liang

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The merger of Singapore’s two main shipyard groups – Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine – has been completed. logistics

In an announcement on the Singapore Exchange late Tuesday Sembcorp Marine said the proposed combination with Keppel O&M had been closed.

The merger was undertaken by Sembcorp Marine acquiring the entire issued and paid-up capital of Keppel O&M and then issuing 36,848,072,918 KOM Consideration Shares. Following the transaction Keppel shareholders owned 54% of the merged company which trades on SGX as Sembcorp Marine. shipping

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