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newsAllen & Gledhill has advised Singapore Press Holdings (SPH) on its S$2.24 billion ($1.65 billion) sale to conglomerate Keppel, which was counselled by WongPartnership.

According to Reuters, the deal, which excluded SPH’s media business, will give Keppel access to SPH’s real estate footprint.

SPH, which publishes Singapore’s main newspaper, The Straits Times, said in May that it would transfer its media business to a non-profit company as the unit struggled with falling advertising revenue and losses, Reuters added.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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