Singapore, Sept. 30 -- Keppel Corp is looking to sell about $3 billion to $5 billion worth of assets over the next three years and redeploy the funds to seize new opportunities and improve returns.
The move comes as the firm executes long-term plans to build growth engines for the future, said Keppel chief executive Loh Chin Hua at a virtual briefing yesterday.
"As we pursue our growth initiatives in data centres, environmental solutions, renewable energy, integrated urban development and asset management, we will also need to review our business portfolio from time to time," added Mr Loh, who did not disclose the segments earmarked for asset disposal.
Keppel, one of the world's largest oil-rig makers, said it has identified assets wi...