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Keppel associate drops merger bid to create offshore housing giant

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SINGAPORE - Keppel Corp said on Friday (Feb 14) that its associate company Floatel International and Oslo-listed Prosafe have dropped their bid to merge in a combination that would have created the world's largest offshore accommodation provider.. Read more at straitstimes.com.

SINGAPORE - Keppel Corp said on Friday that its associate company Floatel International and Oslo-listed Prosafe have dropped their bid to merge in a combination that would have created the world's largest offshore accommodation provider.

In a regulatory update on Thursday , Keppel said Floatel and Prosafe"were of the view that any near-term completion of a value-enhancing merger was unlikely".

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