Keppel agrees to divest stakes in six oil rigs to Keppel Offshore Fund in deal valued at about USD 957 million

Keppel agreed to divest 100% stakes in six operational oil rigs to a Keppel-managed offshore fund for approximately USD 957 million. Apollo will contribute about USD 478 million in cash, with the remainder funded by Keppel. Net proceeds go to RigCo for general corporate use. The deal includes potential deferrals based on leasing status and options for the fund to acquire up to four rigs under construction.

Keppel agreed to divest 100% of six special purpose vehicles holding six operational oil rigs to a Keppel-managed offshore rig fund. * Transaction values the assets at about USD 957 million; 5% of the purchase price may be deferred depending on rig leasing status. * Funding split evenly between Keppel and Apollo via the fund; Apollo to contribute about USD 478 million in cash, paid to RigCo. * Net proceeds to RigCo equal to the Apollo cash contribution; earmarked for general corporate purposes. * Fund may also buy up to four rigs under construction, subject to conditions including agreed price ranges and Keppel’s opt-out right. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ZZT3J0PZUJ3Z4ZBC) on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

Keppel agreed to divest 100% of six special purpose vehicles holding six operational oil rigs to a Keppel-managed offshore rig fund. * Transaction values the assets at about USD 957 million; 5% of the purchase price may be deferred depending on rig leasing status. * Funding split evenly between Keppel and Apollo via the fund; Apollo to contribute about USD 478 million in cash, paid to RigCo. * Net proceeds to RigCo equal to the Apollo cash contribution; earmarked for general corporate purposes. * Fund may also buy up to four rigs under construction, subject to conditions including agreed price ranges and Keppel’s opt-out right. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ZZT3J0PZUJ3Z4ZBC) on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here