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Keppel makes privatisation offer for SPH in deal worth $3.4b

The New Paper Keppel makes privatisation offer for SPH in deal worth $3.4b SPH chief executive Ng Yat Chung (second from right) during a virtual press conference yesterday. TNP PHOTO: GIN TAY Offer selected from more than 20 potential bidders over a two-stage process POOH CHIAN HUI, DEPUTY BUSINESS EDITOR Aug 03, 2021 06:00 am 0 Engagements Conglomerate Keppel Corporation yesterday offered to acquire Singapore Press Holdings (SPH) after its media business is hived off, in a deal that values SPH at $3.4 billion. The privatisation offer will see SPH delisted from the Singapore Exchange and become a wholly owned subsidiary of Keppel, whose share of the deal stands at $2.2 billion.

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