Kep Infra Tr acquires equity in a UK service provider to strengthen its submarine cable business

On March 10th, Keppel Corporation announced that Keppel Infrastructure Fund and its co-investors have acquired all equity of Global Marine Group, a subsea cable solution provider, from the investment institution under JF Lehman & Company. Global Marine Group is headquartered in the UK and operates six vessels, providing subsea cable maintenance and laying services. Keppel Corporation estimates that this acquisition will not have a significant impact on the company's net tangible asset value per share or earnings per share for the current fiscal year