Australia's Tuas terminates Simba-M1 merger

Keppel

21/05/2026 23:48

May 22 (Reuters) - Australia's Tuas TUA.AX said on Friday that it has terminated its unit Simba Telecom's agreement with Singapore's Keppel KPLM.SI to buy the global asset manager's stake in M1 valued at around S$1.43 billion. ($1.12 billion).

($1 = 1.2770 Singapore dollars)

 (Reporting by Nikita Maria Jino in Bengaluru; Editing by Shailesh Kuber)

 ((Nikita.Jino@thomsonreuters.com;))