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.
