Keppel Corp (KPLM.SI), the world’s largest rig builder, said on Wednesday it is not bidding for South Korea’s STX Group’s 50.75% stake in Singapore-listed STX OSV Holdings (STXO.SI).
“The company wishes to state that currently it is not making a bid for a stake in STX OSV,” Keppel said in a disclosure to the Singapore Exchange.
South Korea’s STX Group said on Tuesday it had chosen JP Morgan (JPM.N) and Standard Chartered (STAN.L) to manage the sale of the stake. The stake worth around US$603 million ($773.7 million) according to Reuters data.
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