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