Keppel Corporation:for a 20 per cent stake in Swiss energy firm MET Group. Keppel Infrastructure and MET Group will also jointly explore investment opportunities in European energy infrastructure assets. Keppel Corp shares rose one cent to S$6.70 on Thursday before the announcement.to finance its proposed acquisition of a half-stake in Westfield Marion Shopping Centre in Adelaide. SPH Reit’s gearing is expected to increase to 29.5 per cent from 27.
5 per cent, after drawing down the loans and before the completion of the acquisition. Units of SPH Reit were up S$0.01 or 0.9 per cent to S$1.07 at Thursday’s close, before the announcement., while Golden Agri-Resources will be excluded, following the latest quarterly review of the index by FTSE Russell. MLT units were up S$0.02 or 1.2 per cent to S$1.72 at Thursday’s close, while shares of Golden Agri-Resources gained 1.5 Singapore cents or 7 per cent to 23 cents.
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