trending Market Intelligence /marketintelligence/en/news-insights/trending/FGbbhvf8NoyXRqdWEqujGw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Temasek offers to buy controlling stake in Keppel

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Temasek offers to buy controlling stake in Keppel

Singaporean sovereign wealth fund Temasek Holdings (Pte.) Ltd. is offering to acquire an additional 30.55% stake in conglomerate Keppel Corporation Ltd. to become its controlling shareholder with a 51% ownership.

Temasek plans to pay S$7.35 for each Keppel share, representing a premium of approximately 26% over the last traded price on Oct. 18, according to an Oct. 21 release. The sovereign wealth fund will make the offer through subsidiary Kyanite Investment Holdings Pte. Ltd.

Temasek, which owns 20.45% of Keppel, said it plans to conduct a comprehensive review of the target company's businesses if the offer is accepted. It added that it may propose new directors on the company's board to facilitate the review, which may result in Keppel refocusing on certain businesses or potential corporate actions that include M&A.

The offer is subject to regulatory approvals in Singapore and abroad. A formal offer will be made to Keppel shareholders once the proposal receives the approvals.

Temasek intends to keep Keppel listed if its offer is accepted.

Keppel is a Singapore-based investment holding company with businesses spanning from gas and oil infrastructure to asset management.

As of Oct. 21, US$1 was equivalent to S$1.36.