Keppel seen bidding for gov’t stake in SSEI

Keppel Philippines Marine Inc. (KPMI) is expected to acquire the government’s 8.76-percent stake in Subic Shipyard and Engineering Inc. (SSEI), which is being auctioned off at a floor price of P584.77 million.
Finance Undersecretary John Philip Sevilla said it would be surprised if KMPI would not bid considering a buyout agreement made last year with institutional Filipino shareholders of SSEI.
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Source: Inquirer.ne