Keppel sells 29.52% stake in Keppel Philippines to Kepwealth

The $10.8m divestment is not expected to impact Keppel’s FY2025 earnings.

Keppel Ltd. has divested its 29.52% direct ownership in Keppel Philippines Holdings, Inc. (KPHI) to Kepwealth for an aggregate cash consideration of approximately $10.8m (₱462.9m).

The transaction was conducted on a willing-buyer, willing-seller basis, factoring in an independent valuation and the historical volume-weighted average price of KPHI shares.

Keppel Philippines Marine, Inc. Retirement Plan holds an effective 36% interest in Kepwealth. Seatrium Philippines Marine, to which the retirement plan relates, is a subsidiary of Seatrium Limited, an independently managed associated company of Temasek.

The divestment is not expected to have any material impact on the net tangible assets per share or earnings per share of Keppel for FY2025.

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