Keppel Infrastructure Trust (SGX:A7RU) has entered into an agreement for the acquisition of a 50% interest in Marina East Water from Keppel (SGX:BN4), according to a filing with the Singapore Exchange on Monday.
Marina East Water owns the Keppel Marina East Desalination Plant that is valued at SG$323 million.
Following the acquisition, assets under the management of the trust will grow to about SG$9.0 billion.
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