Keppel Corp

Keppel Corp: has amended the terms of a call option to acquire a further 16% stake in KrisEnergy. Subject to KrisEnergy successfully completing its potential IPO on SGX by 15 Aug 2013, Keppel Corp will pay a maximum consideration of US$122.7m for the exercise of the call option, from US$35m previously agreed upon. Keppel currently owns a 20% stake in KrisEnergy, which holds a portfolio of oil and gas assets in SE Asia.