Keppel Infrastructure Trust to Acquire Stake in UK-Based Subsea Cable Solutions Provider

MT Newswires

Apr 01, 2025

Keppel Infrastructure Trust (SGX:A7RU) has agreed to acquire 46.7% of the enlarged capital of Pangea UK Holdco, which indirectly holds 100% of Global Marine Group for a total consideration of $90.6 million.

Upon completion, Keppel Infrastructure Trust will have an effective ownership of roughly 46.7% of Global Marine Group.

The remaining 53.3% stake in Pangea UK Holdco will be held by Keppel Infrastructure Fund and a co-investor, according to a Tuesday filing with the Singapore Exchange.

Based in the UK, Global Marine provides independent subsea cable solutions and has a fleet of six specialized vessels. It also maintains around 31% of the global maintained subsea cable length.

The deal is expected to be completed by Sept. 30.

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It also maintains around 31% of the global maintained subsea cable length.</p><p>The deal is expected to be completed by Sept. 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014484.SGD","symbol_name":"Nikko AM ASEAN Equity Fund A SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524308871","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524308871","pubTimestamp":1743487029,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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