Commentary

Keppel O&M, Sembmarine merger will lead to shipyard capable of challenging world-class rivals

Sembmarine and Keppel Corp will create NewCo based on a 50:50 enterprise value ratio between them. PHOTOS: KEPPEL CORP, SEMBCORP MARINE
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SINGAPORE - A global offshore energy giant worth $8.7 billion with order books of over S$6.4 billion, Temasek Holdings as its largest shareholder, and the heft and gravitas to challenge leading competitors from China, South Korea, Japan and Northern Europe.

That, in a nutshell, is what the new entity comprising of SembCorp Marine (Sembmarine) and Keppel O&M will become.

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