KrisEnergy Attracts Singapore’s Keppel Corporation as a Strategic Investor
KrisEnergy Holdings Ltd (“KEHL”) has accepted an offer from Singapore conglomerate, Keppel Corporation Limited (“Keppel Corporation”) to become a strategic shareholder in the upstream oil and gas company, KrisEnergy Ltd., as it continues to extend its portfolio and activities across the Southeast Asia region.
Keppel Corporation acquired a 20% shareholding in KrisEnergy Ltd (“KEL”) for US$115 million through a private placement of new equity. KEL was previously held 100% by parent company KEHL, whose major shareholder is private equity energy specialist First Reserve (“First Reserve”). First Reserve will remain the majority shareholder in KrisEnergy.
Please click on the links above to read the complete press releases issued by both companies.