TL;DR
After years of speculation about a merger, Sembcorp Marine will combine with Keppel’s Offshore and Marine business to build a global player in offshore renewables and new energy. Keppel appears to be the clear winner from the transaction, as it will book a sizeable gain from injecting its offshore & marine business into the combined entity. There is less to cheer for Sembcorp Marine as the company will be contributing the bulk of assets to the combined entity but shareholders will be receiving fewer shares in return. If you are looking for other companies that will benefit from the shift towards renewables, Sembcorp Industries is also worth a look!What happened?
The big news in the Singapore market recently, is the announced merger between Keppel Offshore and Marine and Sembcorp Marine. This is not a...
