The proposed transaction is subject to customary closing conditions including approvals by shareholders and PUB, as well as the receipt of applicable regulatory approvals.
Keppel Infrastructure and Keppel Infrastructure Fund Management (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT), have signed a non-binding term sheet with the intention to enter into definitive agreements with respect to the sale and purchase of a 50% equity stake in Marina East Water (MEW), which owns the Keppel Marina East Desalination Plant (KMEDP), for an enterprise value of approximately $355 million.
Keppel Infrastructure is the sponsor of KIT.
