Under the proposed deal, which requires approval from its shareholders, Sembcorp Marine will issue up to 36,8 billion Keppel O&M consideration shares.
The Singapore Exchange has given its approval in principle for the merger of Sembcorp Marine with the offshore and marine business of Keppel Corporation (Keppel).
Sembcorp Marine will next seek the go-ahead from its shareholders at an extraordinary general meeting (EGM). The circular will be sent by Jan 31.
