Keppel Corp has said it may look to offload or merge its offshore and marine business as part of a strategic review announced late Tuesday.
The Singapore-listed conglomerate said the review of the division comes amid the sector’s challenging environment and will explore both “organic and inorganic options”.
Organic options include reviewing the strategy and business model of Keppel Offshore & Marine, assessing its current capacity and global network of yards and restructuring to seek opportunities as a developer of renewable energy assets; while inorganic options would range from strategic mergers to disposal.
