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BRIEF-Keppel Corporation Announces Subscription For 30 Pct Interest In Gimi MS Corp

Feb 26 (Reuters) - Keppel Corporation Ltd:

* ANNOUNCES SUBSCRIPTION FOR 30% INTEREST IN GIMI MS CORPORATION

* GIMI MS TO ACQUIRE AND OWN MOSS LNG CARRIER GIMI WHICH WILL BE CONVERTED INTO AN FLNG VESSEL BY KEPPEL SHIPYARD LTD

* FIRST FLNG HOLDINGS TO INVEST UP TO ESTIMATED MAXIMUM TOTAL OF $250 MILLION IN CONNECTION WITH PROJECT INCLUSIVE OF SUBSCRIPTION PRICE

* UNIT THROUGH KEPPEL CAPITAL HOLDINGS ENTERED INTO SHARE SUBSCRIPTION AGREEMENT WITH GIMI MS CORP AND GOLAR LNG LTD

* UNDER SAME AGREEMENT, GOLAR WILL CONCURRENTLY SUBSCRIBE FOR 70% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF GIMI MS

* CONCURRENT TO ENTRY OF SSA, GIMI MS EXECUTED A 20-YEAR FLNG LEASE & OPERATE AGREEMENT WITH A UNIT OF BP P.L.C. IN RELATION TO PROJECT

* GIMI MS TO UNDERTAKE DEVELOPMENT, CONSTRUCTION & OPERATION OF A FLNG FACILITY TO BE LOCATED ON MAURITANIA & SENEGAL Source text for Eikon: Further company coverage: