Keppel Infrastructure Trust Completes Strategic Investment in Global Marine Group

Key Points for Investors

• Completion of Major Transaction: Keppel Infrastructure Trust (“KIT”) has officially completed its investment in Global Marine Group (“GMG”), one of the world’s largest independent subsea cable solutions providers.
• Significant Stake Acquired: KIT now holds approximately 46.7% interest in GMG, following the completion of the transaction.
• Funding Sources: The acquisition was funded through a combination of KIT’s internal resources and external borrowings, highlighting both the trust’s capital strength and prudent leverage strategy.
• Potential Price Sensitivity: This transaction marks a substantial expansion into the fast-growing subsea cable infrastructure sector, which is critical for global data connectivity. The investment could have a material impact on KIT’s long-term growth prospects and earnings profile, and may be viewed positively by the market due to the strategic nature and scale of the acquisition.

Details of the Transaction

KIT, managed by Keppel Infrastructure Fund Management Pte. Ltd. (the “Trustee-Manager”), announced the successful completion of its proposed investment in GMG. This follows previous announcements and a circular to unitholders outlining the intention to invest in GMG as an interested person transaction.

With this acquisition, KIT has become a significant strategic investor in GMG, holding an indirect interest of approximately 46.7%. The transaction structure also involves other parties, including KIF and a Co-Investor, with a simplified post-transaction shareholding structure available from KIT.

The funding mix of internal cash resources and external borrowings reflects the Trustee-Manager’s balanced approach to capital management. This is particularly important for investors as it demonstrates disciplined leverage, while positioning KIT for enhanced returns from a high-potential sector.

Implications for Shareholders

• Exposure to High-Growth Sector: GMG is recognized as a global leader in subsea cable solutions, a sector expected to benefit from rising global data consumption and the expansion of digital infrastructure. KIT’s investment provides exposure to this growth and diversification away from traditional infrastructure assets.
• Value Creation Potential: The transaction is likely to be price-sensitive due to its scale and the potential for positive earnings accretion. Investors should monitor future updates on GMG’s performance and KIT’s integration of this asset.
• Strategic Expansion: The deal marks a significant step in KIT’s strategy to broaden its asset base and secure long-term sustainable returns for unitholders.

Board Statement

The completion of the transaction was formally announced by the Trustee-Manager, with Darren Tan and Chiam Yee Sheng serving as Company Secretaries. The announcement was made on 25 November 2025.

Conclusion

This strategic investment in Global Marine Group represents a noteworthy development for KIT and its unitholders. The move into subsea cable infrastructure could have a transformative impact on the trust’s earnings profile and risk diversification, potentially supporting share price appreciation. Investors should stay attentive to further disclosures regarding the performance and integration of GMG within KIT’s portfolio.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult with professional advisors before making investment decisions based on company announcements.

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