News Formal

Keppel offers to acquire SPH, excluding media business, in S$3.4 billion deal

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SINGAPORE: Singaporean conglomerate Keppel Corp said on Monday (Aug 2) it would offer to acquire and privatise Singapore Press Holdings (SPH), ...

SINGAPORE: Singaporean conglomerate Keppel Corp said on Monday it would offer to acquire and privatise Singapore Press Holdings , excluding the newspaper publisher's media business, for S$3.4 billion.

The scheme is subject to approval by SPH and Keppel shareholders, and other conditions including regulatory approvals. SPH's CEO Ng Yat Chung said"the outcome is the result of a strategic review process that has taken place over many months"."We took the first step with the media restructuring to ensure a sustainable future for the media business, while removing its losses from SPH," said Mr Ng.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Fintech company Square to buy Afterpay for US$29 billion as buy now, pay later boomsU.S. fintech company Square Inc said on Monday it had agreed to purchase Australian buy now/pay later firm Afterpay Ltd for about US$29 billion.
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »