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Singapore: Keppel Corporation Limited has announced that it has acquired 2.9m further shares in accommodation and construction support vessel owner Floatel International Limited, brining its stake to 49.92%.
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Keppel paid close to $14.5m to D. E. Shaw Laminar Portfolios, L.L.C. and cited potential synergies between Floatel’s business and Keppel’s offshore and marine business as reason for the purchase.
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Floatel International presently owns and operates two DP semisubmersible accommodation and construction support vessels built at Keppel FELS Shipyard. [18/06/13]
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