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Seatrium Limited ( (SG:5E2) ) has shared an update.
Seatrium Limited has received a notice of arbitration concerning a deed of indemnity related to its merger with Sembcorp Marine Ltd and Keppel Offshore & Marine Ltd. The indemnity involves claims linked to the Brazilian Operation Car Wash investigations, with Seatrium having previously agreed to a settlement payment with Brazilian authorities. The financial implications for Seatrium include provisions made for the settlement and indemnity, impacting its financial statements for the fiscal year ending December 2024.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.50 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited operates in the marine and offshore industry, focusing on the integration of Sembcorp Marine Ltd and Keppel Offshore & Marine Ltd. The company is involved in providing marine engineering solutions and services, with a market focus on offshore energy and infrastructure sectors.
Average Trading Volume: 11,795,475
Technical Sentiment Signal: Buy
Current Market Cap: S$7.98B
For detailed information about 5E2 stock, go to TipRanks’ Stock Analysis page.