Keppel to sell 51% stake in Singapore office tower vehicle for $477 million

Keppel plans to sell a 51% stake in a vehicle that holds a Singapore office tower.

The proposed sale is valued at $477 million.

The source does not identify the buyer or give details about the transaction.

It also does not say when the sale is expected to happen.

Keppel is a company involved in the deal, but the source provides no further background.

The sale would transfer a majority stake in the tower-holding vehicle.

No next steps are specified in the information available.