Temasek makes $3b bid to take control of Singapore's Keppel Corp

Temasek makes $3b bid to take control of Singapore's Keppel Corp

Photo: Bloomberg

Singapore state investor Temasek Holdings is offering to buy control of conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could hasten a consolidation in the rig building sector which is battling the effects of low oil prices.

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