Keppel piles pressure on SGX with M1, T&T buyouts

Singapore Exchange is on the verge of losing two more big names as Keppel looks to buy out its affiliate telco and infrastructure unit for up to $1.3 million, extending a run of take-privates.

Keppel piles pressure on SGX with M1, T&T buyouts

Infrastructure-to-property conglomerate Keppel Corporation announced two separate acquisitions worth a combined S$1.8 billion $1.3 billion on Monday that could potentially lead to the removal of two more listed companies from the Singapore stock exchange.

The bigger of the two deals is a general voluntary offer for shares in M1, the smallest of Singapore’s three telecom operators by number of subscribers.

Keppel is making an...

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