Keppel Infrastructure pre-markets deal with target of $394m

Visual from Keppel Infrastructure Trust

Singapore-based Keppel Infrastructure Trust (KIT), a business unit of Keppel Corporation, has begun pre-marketing 2015’s first major equity deal of 2015, with a target of S$525 million ($394.5 million). Sovereign wealth fund Temasek Holdings is the largest shareholder in Keppel Corporation, with 20.45 percent of the issued shares.

The fundraising is part of merger activities with CitySpring Infrastructure Trust (CIT). Joint global coordinators of this deal are Credit Suisse and UBS who are advising KIT on the merger.

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