Keppel Infrastructure, the infrastructure arm of Keppel Corp., has completed the purchase of a 20 percent stake in MET Group, a Swiss European energy company, which has businesses in natural gas, power and oil markets.
The two companies also have entered into a strategic partnership to jointly explore investment opportunities focussing on European energy infrastructure assets.
Financial details were not confirmed; however, when the deal was announced in December 2019, Keppel said it planned to pay €53.02 million ($58.7 million) for the share.
Following the investment, MET Group will remain a management-controlled company. Keppel will gain representation on the company’s board of directors.
MET Group owns businesses in the natural gas, power and oil markets, focused on energy infrastructure and industrial assets in addition to multi-commodity wholesale, t