Keppel Uncertainty Prolongs as Brazil Client Delays Decision
- Sete Brasil postpones meeting about possible restructuring
- Daiwa analyst upgrades Keppel, saying worries overdone
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Keppel Corp.’s uncertainties about the oil-rig market are set to continue after a key customer in Brazil that has fallen more than a year behind on its bills postponed a meeting on restructuring.
Sete Brasil Participacoes SA decided to push back the meeting, a company press official said in an e-mailed statement Thursday. No new date has been set.