KIFM to Acquire Additional Stake in Merlimau Cogen Plant for $100m
Keppel Infrastructure Fund Management (KIFM) has agreed to buy a 39% stake in the Keppel Merlimau Cogen Plant from Keppel Core Infrastructure Fund, increasing its total ownership to 90%. The acquisition is valued at approximately S$128.1 million ($100m). This move supports KIT's capital recycling strategy and could boost distribution per unit by 6% if effective in 2025.
Topics: Corporate Transactions Energy Infrastructure Power Generation