Keppel Corporation Limited (“Keppel”) and Sembcorp Marine Ltd (“Sembcorp Marine”) have entered into a non-binding memorandum of understanding (“MOU”) to enter into exclusive negotiations with a view to combining Keppel O&M and Sembcorp Marine (“Combined Entity”).
The objective of these discussions is to create a stronger Combined Entity and sustainable value over the long term for Keppel O&M and Sembcorp Marine and their respective stakeholders, in response to dramatic changes in the global...