Keppel Corp appoints Evercore Asia as IFA


Keppel Corp has appointed Evercore Asia (Singapore) as independent financial adviser (IFA) on the partial offer by Temasek Holdings.

In a filing to the Singapore Exchange on Monday night, Keppel said: “In view of the scale and diversity of the group’s businesses, the company has decided to appoint the IFA today, even though the pre-conditions have not been satisfied and/or waived by the offeror yet, so as to ensure the IFA would have sufficient time to carry out its review.”

In October 2019, Temasek said it would be making a voluntary pre-conditional partial offer of S$7.35 a share to acquire an additional 30.55 per cent stake in Keppel, bringing Temasek’s stake in Keppel to 51 per cent.



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