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TSMP acts in S$2.1 billion recapitalisation of Sembcorp Marine; Sembcorp Industries and Sembcorp Marine demerger
We are pleased to announce that the team comprising Stefanie Yuen Thio and Rachel Tang is acting for Credit Suisse (Singapore) Limited, the financial advisor to Temasek Holdings, in the proposed S$2.1 billion recapitalisation of Sembcorp Marine through a rights issue, and the demerger of Sembcorp Industries and Sembcorp Marine. Temasek Holdings is a major shareholder of both companies. The moves are expected to strengthen both companies’ financial positions, unlock shareholder value and result in better industry focus, in order to ride out the downturn due to the Covid-19 pandemic and global oil price crash, and take advantage of growth opportunities in the energy and urban sectors afterwards.
