Keppel's associate Floatel halts proposed merger

The companies viewed that any near-term merger was unlikely.

Keppel corporation has announced that its offshore & marine unit’s associate Floatel International and Oslo-listed company Prosafe have mutually decided to discontinue the transaction in relation to their proposed merger, according to a bourse filing.

The cessation of the proposed merger was due to the companies’ view that any near-term completion of a value enhancing merger was unlikely.

The proposed merger has been entered into agreement in June 2019, where Prosafe was set to acquire all of the ordinary shares in the capital of Floatel based on a 55 : 45 exchange ratio between the companies.

The application for the merger has also been previously rejected in October 2019 by competition authorities in Norway.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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