The details of Keppel’s O&M arm and Sembcorp Marine’s merger has finally been announced, providing certainty to shareholders who are unnerved by the long waiting time. The merger was communicated previously and been in the works for a while now, this morning, Keppel had finally signed the definitive agreement for the merger. Strategic rationale The proposed merger between Keppel Offshore & Marine (KOM) and Sembcorp Marine (SMM) expects to create a premier global player in offshore renewables, new energy and cleaner O&M solutions. There is expected to be greater synergy from the combined operational capabilities and track record from the integration of two very established industry players. The strategic rationales are further elaborated in the following two snapshots below. Source: Keppel Timeline for merger The completion is estimated to be in 4Q 2022. we think it may be effective from 1 January 2023 as the combined company start a relationship in a fresh financial year....