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Temasek's partial offer to unlock value in Keppel causes its share price, related counters to jump
SINGAPORE (Oct 28): On Oct 21, Temasek announced that its wholly-owned subsidiary Kyanite Investment Holdings intends to make a partial offer for a 30.55% stake in Keppel Corp, subject to certain preconditions. If successful, it will raise Kyanite’s sta
October 25, 2019
M&A
Temasek moves to raise stake in Keppel Corp to 51% with partial offer at $7.35 per share
SINGAPORE (Oct 21): Temasek Holdings is moving to increase its stake in Keppel Corporation to 51%, and undertake a “comprehensive strategic review” of its businesses.
October 21, 2019