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Keppel Infrastructure Trust has agreed to acquire an additional 39% stake in the Keppel Merlimau Cogen Plant from Keppel Core Infrastructure Fund for up to approximately $128.1 million, increasing its total stake to 90%.
“KIT will hold, directly and indirectly, an aggregated 90% stake in KMC, with the remaining 10% retained by Keppel Ltd.’s Infrastructure Division.”keppel.com
Summarized from public sources; check the original articles before acting on it.