DBS backs Keppel's buyout of property arm

DBS provides bilateral loan to Keppel Corp to fund its buyout of property arm Keppel Land for up to $2.6 billion.

DBS is providing a bilateral loan to conglomerate Keppel Corp to finance the acquisition of shares in its property arm Keppel Land that it does not already own for up to S$3.2 billion ($2.6 billion).

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