Sembmarine shareholders green-light merger with Keppel O&M

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Shareholders of Sembcorp Marine (Sembmarine) have voted in favor of a merger with Keppel Offshore & Marine (Keppel O&M).

Specifically, the $4.5 billion deal obtained 95.28 per cent approval from voting shareholders.

Sembmarine needed shareholders holding more than 50 per cent in value of its shares to vote for the acquisition.

After the deal is completed, Keppel O&M will become a wholly owned subsidiary of Sembmarine.

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