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The latest update is out from Keppel Corporation Limited ( (SG:BN4) ).
Keppel Corporation Limited has initiated arbitration proceedings against Seatrium Limited following the latter’s leniency agreements with Brazilian authorities concerning the Operation Car Wash investigations. Seatrium is required to pay a settlement of approximately S$168.4 million, with Keppel’s indemnity claim amounting to S$68.4 million. The arbitration seeks to resolve the indemnity claim under the terms of their Combination Framework Agreement, potentially impacting Keppel’s financial recovery from the Operation Car Wash fallout.
The most recent analyst rating on (SG:BN4) stock is a Buy with a S$10.70 price target. To see the full list of analyst forecasts on Keppel Corporation Limited stock, see the SG:BN4 Stock Forecast page.
More about Keppel Corporation Limited
Keppel Corporation Limited is a Singapore-based conglomerate with a diverse portfolio that includes offshore and marine, property, infrastructure, and asset management businesses. The company is known for its expertise in providing solutions for sustainable urbanization, with a focus on energy-efficient and environmentally friendly projects.
Average Trading Volume: 5,157,343
Technical Sentiment Signal: Buy
Current Market Cap: S$14.72B
Find detailed analytics on BN4 stock on TipRanks’ Stock Analysis page.