KIT’s initial investment for the 46.7% stake is US$90.3 million ($122.2 million), comprising a “subscription consideration” and a ticking fee.
On April 1, Keppel Infrastructure Trust (SGX:A7RU
) ’s (KIT) trustee-manager announced the proposed acquisition of a 46.7% stake in Global Marine Group (GMG) from Keppel Infrastructure Fund (KIF).
GMG was acquired on March 4 by KIF and a co-investor from the affiliates of JF Lehman & Company.
