Media Release Keppel Corporation signs definitive agreements i | InvestKaki

Media Release
Keppel Corporation signs definitive agreements in connection with proposed
combination of Keppel O&M and Sembcorp Marine
Proposed combination will create a premier global player offering offshore renewables, new
energy and cleaner solutions in the offshore & marine sector
Proposed transactions, estimated on a pro forma basis, will allow Keppel to realise
approximately S$9.42 billion in value comprising:
S$4.87 billion comprising 56% equity shares in the Combined Entity1
Extraction of S$500 million in cash as part of Keppel O&M?s pre-combination restructuring
and
S$4.05 billion2 comprising vendor notes, perpetual securities and a 10% stake in Asset
Co from the sale of Keppel O&M?s legacy rigs and associated receivables to Asset Co
46% of equity shares in the Combined Entity will be distributed to Keppel shareholders
Proposed transactions are earnings accretive to Keppel Corporation for the financial year
ended 2021 on a pro forma basis
Proposed transactions are aligned with Keppel?s Vision 2030 plans to simplify and focus the
Group‘s business as it executes its mission to provide solutions for sustainable urbanisation