Keppel Ltd: Part IV – Is there more to the Keppel O&M deal than meets the Eye?
This report from Corporate Monitor Limited scrutinises Keppel Corporation’s 2023 divestment of its Offshore & Marine (O&M) division’s legacy rigs to AssetCo, a transaction valued at S$4.4 billion. The report questions the deal’s structure, particularly the generous financing terms granted to AssetCo and the involvement of Argyle Street Management (ASM) and its affiliates. Concerns are […]
Keppel Ltd: Part IV – Is there more to the Keppel O&M deal than meets the Eye? Read More »