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Business

Keppel to sell Rotterdam shipyard to Danish company

Singaporean rig builder continues to trim assets amid dim exploration prospects

Keppel is rationalizing its offshore and marine assets while venturing into real estate in emerging Asian markets.

SINGAPORE -- Singaporean conglomerate Keppel Corp. announced on Monday that its rig-building subsidiary, Keppel Offshore & Marine (O&M), will sell its Rotterdam shipyard to Danish company Damen Shipyards Group.

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