Retained Stake News Today

Sembcorp Marine has entered into an Amended and Restated Combination Framework Agreement with Keppel Corporation which sets out the revised transaction structure and terms on which the Proposed Combination of Sembcorp Marine and Keppel Offshore & Marine (Keppel O&M) will be effected.

Summary of Transactions The Proposed Combination involves the establishment of a new holding company (the “Combined Entity”) which will combine the businesses of Keppel O&M and Sembcorp Marine via separate schemes of arrangement. Under Sembcorp Marine’s scheme of arrangement, Sembcorp Marine will undergo an internal restructuring exercise whereby shareholders of Sembcorp Marine will exchange their ...