Singapore Markets open in 7 hrs 14 mins

BRIEF-Keppel Corp Says Grupo R Enters Sale And Leaseback Deal With Unit Of Keppel Offshore & Marine

Feb 20 (Reuters) - Keppel Corporation Ltd:

* GRUPO R ENTERED INTO SALE AND LEASEBACK AGREEMENT WITH FELS ASSET CO PTE. LTD, UNIT OF KEPPEL OFFSHORE & MARINE LTD

* FELS ASSET WILL PURCHASE RIG FROM GRUPO R FOR US$179 MILLION WHICH IS EQUIVALENT TO BALANCE CONTRACT VALUE OF RIG

* CANTARELL IV WILL BE LEASED BACK TO GRUPO R ON A BAREBOAT CHARTER OVER FIVE YEARS Source text for Eikon: Further company coverage: