Portuguese 
Spanish 
Temasek Makes Proposal for Keppel and Deal Will Change the Parent Company of the Brasfels Shipyard in Angra dos Reis, Since the Buyer Will Own 51% of the Conglomerate
Singapore’s Keppel, the company that controls the Brasfels Shipyard in Angra dos Reis, has received a proposal from the state investor Temasek Holdings to sell control of the Keppel Corp conglomerate. At the beginning of the month, we received good news about the continuation of work at the shipyard.
The agreement is worth US $ 4.1 billion and could accelerate consolidation in the platform construction sector, which is struggling against the effects of low oil prices.
The offshore and marine unit of Keppel and Sembcorp Marine, the two local players, have been hit by a prolonged slowdown in the global sector over the past five years, with falling oil prices.
“There’s been talk for a long time about a potential restructuring of the businesses under Keppel Corp and Sembcorp, such as a merger of the marine and offshore shipyards,” said Low Pei Han, senior research analyst at the Bank of Singapore.
-
A Brazilian city decided to purchase a piece of the Atlantic Forest with more than 153,000 square meters, and owners of preserved areas will be able to submit proposals to transform the forest into a conservation unit.
-
Brazilian siblings aged 11 and 7 read 240 books in just one year and caught attention on social media: while many children spend hours on screens, they turned their family’s routine into an example of reading, discipline, and curiosity.
-
The legendary oak that, according to the story, hid Robin Hood from the Sheriff of Nottingham, died at the impressive age of 1,200 years in England, and the first chilling sign of its end was that no leaves sprouted on the tree this spring.
-
While the world looks at forests, the UN warns that the Earth is also threatened by the silent degradation of natural grasslands and savannas, ecosystems that cover half of the planet, support billions of people, and can exacerbate water, food, and climate crises.
Temasek stated that if the deal goes through, it will seek to work with Keppel’s board to carry out a strategic review of its business.
Temasek already owns 20.5% of Keppel and said it would increase its stake to 51%, subject to approvals from national and foreign regulators that may take many months.
Long-Term Value
“The partial offer reflects our view that there is inherent long-term value in Keppel’s businesses, despite the challenges posed by the current economic and business outlook,” said Tan Chong Lee, president of Temasek International, in a statement.
Keppel is involved in platform construction, property development, infrastructure, and investments.
Both Keppel and Sembcorp Marine have been among a number of companies involved in a wide-ranging corruption investigation carried out by the operation Lava Jato in Brazil.
At the end of 2017, Keppel’s platform construction unit paid US $ 422 million to resolve charges that it paid bribes to secure contracts in Brazil, including with the indebted Sete Brasil.
Keppel and Sembcorp Marine said earlier this month that they reached agreements with Sete Brasil on contracts to build drill ships and platforms and that Brasfels in Angra dos Reis will resume work on two of these drill ships.
Also Read! Ocyan, former Odebrecht, Sells Drill Ship to OOS, Known for Operating Floater!
