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Keppel unlocks over $80m from divestment of stakes in non-core assets
The Straits Times
|June 07, 2025
Asset manager Keppel is divesting its stakes in a New-York based company and a logistics park in China to unlock more than $80 million from the monetisation of non-core assets, the group said on June 6.
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This is in line with its $10 billion to $12 billion monetisation target by end-2026.
It follows the group's establishment of a task force - the Accelerating Monetisation Task Force (AMTF) - set up earlier in 2025, to optimise the speed of divestments of non-core assets.
Keppel has divested its 20.5 percent stake in Computer Generated Solutions, a company that provides business process outsourcing, enterprise resource planning software and e-learning services.
This story is from the June 07, 2025 edition of The Straits Times.
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