Keppel looking into selling stake in 800 Super

Deliberations are ongoing.

Keppel Ltd. is examining the possibility of selling its stake in 800 Super Holdings Ltd., according to a Bloomberg report citing people familiar with the matter.

According to a report by the news agency, the transaction could value 800 Super at as much as $600m.

Keppel through its infrastructure unit owns 80% of 800 Super. The remaining 20% is owned by the company’s founding family.

“As part of its ordinary course of business, Keppel Asia Infrastructure Fund regularly reviews its business strategy and portfolio. We will make the necessary announcements if and when there are any material developments,” the company said in an email when asked about the matter.

The Bloomberg report said discussions are ongoing and Keppel is working with a financial adviser on a divestment plan.