A unit of Singapore government-linked Keppel Corp., announced Wednesday a $100 million capital partnership with Israeli investment group Shrem Fudim Kelner Group (SFK).
Keppel Telecommunications and Transportation's 50-50 partnership will focus on companies in the high-growth technology, media and telecommunications sectors. Most investments will be targeted towards Israel, Europe and the United States markets, directed towards emerging companies requiring expansion and mid-stage funding, KTT and SFK said in a statement released here.
Keppel managing director Ng Eng Ho said the company would gain access to the products and services of clients and where feasible would arrange for Asian distribution. ― (AFP)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)
