Keppel Infrastructure Trust issues EGM presentation on Keppel Merlimau Cogen stake buyout

  • Keppel Infrastructure Trust circulated unitholder meeting presentation seeking approval to buy an additional 39% interest in Keppel Merlimau Cogen via acquisition of all shares in Kindle Energy from KCIF Investments.
  • Deal would lift aggregated stake in Keppel Merlimau Cogen to 90%, leaving 10% with Keppel Energy.
  • Purchase consideration set at up to SGD 128.1 million, including ticker amount of SGD 4.8 million to SGD 7.2 million depending on completion timing.
  • Funding planned through internal funds or external borrowings.
  • Transaction modeled as accretive, with pro forma FY 2025 DPU up about 6% to 4.18 Singapore cents; pro forma FFO up about 8% to SGD 352 million.


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