Keppel O&M, Sembcorp Marine mull definitive agreement by April 30

The companies said they have made “significant progress” in their negotiations.

Keppel O&M and Sembcorp Marine Ltd are mulling a definitive agreement on their proposed merger by 30 April.

In a joint press release, Keppel Corporation Limited, owner of Keppel O&M, and Sembcorp Marine have made “significant progress” on the proposed combination from 24 June 2021 when their exclusive negotiations commenced.

However, the companies said they will need “more time and deliberation” to complete due diligence, reach a mutual agreement on the transaction terms and finalise definitive legal documentation.

The merger of the Keppel unit and Sembcorp Marine was proposed in response to the dramatic changes in the global offshore and marine engineering and energy sectors in recent years.

Meanwhile, Keppel said they have also made significant progress on the sale of O&M’s legacy rigs and associated receivables to Asset Co.

Follow the link s for more news on

Keppel Corporation

Keppel Offshore & Marine

Sembcorp Marine

merger

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