Keppel to spin off data centre JV to Keppel DC REIT for $1b

Keppel to spin off data centre JV to Keppel DC REIT for $1b

FILE PHOTO: A view of Keppel signage outside their building in Singapore June 28, 2023. REUTERS/Edgar Su/File Photo

Singapore’s Keppel will spin off its data centre joint venture (JV) to unit Keppel DC REIT for a total gross divestment price of S$1.38 billion ($1.03 billion), the two companies said on Tuesday.