Keppel announces mega deals to boost plan to turn assets into cash; shares up 1.7%

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The Straits Times 2h ago

Keppel announces mega deals to boost plan to turn assets into cash; shares up 1.7% - The Straits Times

Quick Summary:

Deals to unlock funds that can be used to reduce debt, reinvest for growth and reward shareholders.

This proposed acquisition by is expected to be 8.1 per cent DPU-accretive to Keppel DC Reit and will bolster its portfolio with two AI-ready hyperscale data centres within a campus in Singapore, which is Asia’s top data centre hub.

This comprises two completed and fully contracted data centres, namely Keppel DC Singapore 7 and Keppel DC Singapore 8, as well as a vacant land plot earmarked for a third data centre, which has been carved out from the proposed transaction.