Keppel Corp offers to acquire non-media businesses of Singapore’s SPH in $2.5b deal

Singapore city skyline. Photo: Nicky Loh/Bloomberg

Singapore real estate, infrastructure, and marine conglomerate Keppel Corp is set to acquire the non-media businesses of Singapore Press Holdings (SPH), and privatise the business in a S$3.4 billion ($2.51 billion) deal.

Keppel’s offer to buy out minority shareholders in SPH comes three months after the latter hived off its media business — comprising the daily broadsheets The Straits Times and The Business Times, magazines, radio, billboards, and book publishing — into a not-for-profit entity in a restructuring. 

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