Keppel Corporation Limited's wholly-owned subsidiary, FELS Offshore
Pte Ltd, has entered into a sale and purchase agreement with
KazStroyService Global Engineering B.V. for the sale of 2 shares,
representing 100% of the issued and paid up capital of Berich
Enterprises Limited, an indirect wholly-owned subsidiary of the Company,
at a consideration of US$16,250,000 per share. Berich is an investment
holding company that holds 50% of the issued and paid up capital of
Keppel Kazakhstan LLP, an associated company of the Company. The
principal activities of Keppel Kazakhstan are the design, engineering
and construction of barges, pontoons, pipe racks, modules, and drilling
units for the oil and gas industry in the Republic of Kazakhstan. The
aggregate cash consideration is US$32,500,000.
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Last updated: 16 Oct 2016
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