Keppel’s stake will be divested through a sale of 20% equity interest to CTOS Holdings and 4.01% equity to businessman Min Intanate.
Keppel Corporation is divesting its 24.01% equity interest in Thai-listed Business Online Public Company (BOL) for a cash consideration of approximately THB827.6 million ($36 million).
The interest is owned by Keppel Telecommunications & Transportation, through Keppel Corporation’s wholly-owned subsidiary Keppel Communications.
