Keppel Infrastructure Trust Secures Key Regulatory Approval for Stake Acquisition
Keppel Infrastructure Trust (SGX:A7RU) secured regulatory approval from the Energy Market Authority of Singapore for the acquisition of an additional 39% stake in Keppel Merlimau Cogen, according to a Monday filing with the Singapore Exchange.Keppel Merlimau operates a 600MW combined cycle gas turbine power plant on Jurong Island.Earlier, the trust had agreed to acquire the stake from Keppel (SGX:BN4) for about SG$128.1 million.