BlackRock ups stake in Keppel to become a 'substantial shareholder'

BlackRock ups stake in Keppel to become a 'substantial shareholder'

Photo: Keppel

Global asset manager BlackRock has become a substantial shareholder of Singapore-bassed conglomerate Keppel Corporation by increasing its stake from 4.99% to 5%, according to a bourse filing dated November 22. 

BlackRock acquired 87,600 shares of SGX-listed Keppel for about S$7.43 per share translating to a total deal value of S$650,552 (US$472,168).

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