Acted as lead counsel to Temasek Holdings (Private) Limited in its capacity as majority shareholder of Sembcorp Marine Ltd and substantial shareholder of Keppel Corporation Limited, in the landmark S$8.7 billion merger of Sembcorp Marine Ltd and Keppel Offshore & Marine Ltd, with the objective of creating sustainable value over the long term for two of the world’s leaders in global O&M engineering and energy sectors.
The transaction created waves not just in the offshore marine industry globally but is also seen as an epic landmark transaction that underscores the city state’s commitment and drive towards promoting green growth and its strategic pivot towards renewable and clean energy.
The team also acted for Temasek in a connected transaction involving the sale of Keppel Offshore & Marine Ltd’s legacy rigs and associated receivables to a new entity held by Baluran Limited, Keppel and Temasek.
Partners Sandy Foo, Hoon Chi Tern, Chua Choon King, Lee Xin Mei, Lim Chen Chen, Goh Jun Yi, Eugene Lee, Adzfar Alami and Dodo Lim led the case.
