Over $7.3 billion in monetisation has been announced since the start of Keppel’s asset monetisation programme.

Keppel Ltd. (Keppel) is unlocking over $80 million from the divestment of its stakes in Computer Generated Solutions, Inc (CGS) and the Keppel Wanjiang International Coldchain Logistics Park (Anhui) Co., Ltd (Wanjiang Logistics Park) in Anhui Province, China. This follows the establishment of an Accelerating Monetisation Task Force (AMTF) earlier this year to optimise the speed of divestment and exit value of Keppel’s non-core assets in line with its $10 - $12 billion monetisation target by end-2026.

The divestments involve a 20.5% stake that Keppel held in CGS, a firm based in New York City, US, providing business process outsourcing, enterprise resource planning software and e-learning services; as well as Keppel’s 75.8% stake in Wanjiang Logistics Park, which was established as an integrated agricultural logistics park in Lu’an City, Anhui Province. The divestment of CGS has been completed and the divestment of Wanjiang Logistics Park is expected to be completed in the second half of 2025.

Mr Lee Kok Chew, Keppel’s Head of the AMTF, said, “Both CGS and Wanjiang Logistics Park have been on our balance sheet for many years with limited exit options — the first was a minority stake with constrained rights, while the latter operates in a tough market environment. The AMTF has reviewed the assets and came up with fresh divestment perspectives, which will result in us realising over $80 million in value from these divestments. This outcome reflects our focused and disciplined approach to asset monetisation.”

Since embarking on its $17.5 billion asset monetisation programme in October 2020, Keppel has announced over $7.3 billion in monetisation to date, including the latest transactions. In addition, Keppel is currently in advanced stages of negotiating another $550 million in real estate transactions.

The monetisation of non-core assets, together with Keppel’s growing recurring income, will put the Company in a good position to continue rewarding shareholders well, whether through dividends, distributions in-specie or share buybacks.

The above-mentioned transactions are not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel for the current financial year.

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About Keppel

Keppel Ltd. (SGX:BN4) is a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide, providing critical infrastructure and services for renewables, clean energy, decarbonisation, sustainable urban renewal and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and listed real estate and business trusts.