SINGAPORE - Keppel Corp is looking to sell about $3 billion to $5 billion of assets over the next three years and redeploy the funds to seize new opportunities and improve returns.
Keppel, one of the world's largest oil-rig makers, said it has identified assets with a total carrying value of about $17.5 billion as at June 30 that could be sold off over time with the proceeds channelled towards growth initiatives. As well as the asset sales, Keppel Corp is running the rule over its offshore and marine business amid a challenging environment for the sector.
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