Keppel Infrastructure Trust begins trading after CitySpring merger

It’s the largest infrastructure-focused business trust.

Keppel Infrastructure Trust (KIT) commenced trading on the Singapore Exchange today after completing its merger with CitySpring Infrastructure Trust.

CitySpring Infrastructure Trust announced yesterday that it has completed its acquisition of three of KIT’s assets, namelySenoko Waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers NEWater Plant.

“With the injection of these three assets into its portfolio, the enlarged KIT is the largest Singapore infrastructure-focused business trust, listed on the Singapore Exchange,” KIT stated.

KIT will also undertake its approved acquisition of Keppel Merlimau Cogen Plant (KMC), an operating top tier 1,300 MW gas-fired power plant in Singapore.

After the KMC acquisition, which is expected to be completed by 3Q 2015, KIT will have an expected total asset size of over S$4 billion.

The merger was first revealed in November last year. Keppel Corp is the largest unitholder with 22.9% ownership in the trust, while Temasek is the second-largest unitholder with 19.97% ownership in the trust.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia