Singapore's Keppel launches revamp, review of offshore & marine business

Keppel rig off the Brazilian coast. Source: World Maritime News.

Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetised, including through sales, and started a review of its loss-making offshore and marine (O&M) business.

The plans unveiled on Tuesday are part of Keppel‘s 10-year strategy that it had flagged earlier this year to refocus its portfolio to energy and environment, urban development, connectivity and asset management.

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