Keppel Infrastructure Trust Completes Acquisition of Stake in Global Marine

MT Newswires

Nov 26

Keppel Infrastructure Trust (SGX:A7RU) completed the acquisition of a 46.7% stake in Global Marine Group, according to a Tuesday filing with the Singapore Exchange.

Shares of the marine infrastructure company were down over 1% in Wednesday trading.

Earlier, the company agreed to acquire the enlarged capital of Pangea UK Holdco, which indirectly holds 100% of Global Marine Group for a total consideration of $90.6 million.

Based in the UK, Global Marine provides independent subsea cable solutions and has a fleet of six specialized vessels. It also maintains around 31% of the global maintained subsea cable length.

The funding of the acquisition was carried out through internal sources and external borrowings, the filing added.

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It also maintains around 31% of the global maintained subsea cable length.</p><p>The funding of the acquisition was carried out through internal sources and external borrowings, the filing added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001069.SGD","symbol_name":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586323881","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586323881","pubTimestamp":1764135188,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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