Keppel Capital ties up with Korea's pension fund to explore investment opportunities
KEPPEL Corp on Monday said its asset management arm, Keppel Capital, is partnering the National Pension Service of Korea (NPS) to explore investment opportunities for private infrastructure in Asia.
The cooperation will bring together the asset management expertise of both NPS and Keppel Capital.
Keppel Capital will also be able to leverage the Keppel Group's ability to develop, operate and maintain real assets such as energy and environmental infrastructure, including renewables and related technology solutions, urban development and connectivity solutions, Keppel Corp said.
The latest tie-up builds on an earlier commitment by NPS to Keppel Capital's private infrastructure initiative.
Beyond infrastructure, there will also be potential collaboration opportunities across other asset classes where Keppel Capital is active, such as real estate and data centres, as well as other new sectors like senior living.
Christina Tan, chief executive officer of Keppel Capital, said the firm is glad to partner NPS, the world's third-largest pension fund, to jointly explore investment opportunities in the infrastructure space in Asia.
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
The partnership is not expected to have a material impact on Keppel Corp's net tangible assets or earnings per share for the current financial year.
Keppel Corp shares closed at S$4.28 on Friday, up S$0.08 or 1.9 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031