Keppel nets $80m through stake divestments in New York and China

The divestments are part of its asset monetisation programme.

Keppel raised $80m from divesting its stakes in Computer Generated Solutions, Inc (CGS) and the Keppel Wanjiang International Coldchain Logistics Park (Anhui) Co., Ltd (Wanjiang Logistics Park).

The divestment follows Keppel’s asset monetisation programme to boost the disposal of its non-core assets to achieve its $10b to $12b monetisation target by end-2026.

The divestments involve a 20.5% stake in CGS in New York and a 75.8% stake in Wanjiang Logistics Park in Anhui, China. The CGS divestment has been completed, whilst the latter is expected to close in H2 2025.

Keppel has raised over $7.3b since launching its asset monetisation programme in October 2020.

The latest transactions are not expected to have any material impact on Keppel's earnings for FY2025.

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Keppel Corporation

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