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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek units signs S$369mln deal with Multipolar

Posted on 05 February 2013

Anderson Investments, a wholly owned unit of Singapore investment firm Temasek Holdings, has signed a 2.9 trillion rupiah (S$369 million) exchangeable rights subscription agreement with Indonesian investment company PT Multipolar, Bloomberg reported on Monday.
The rights can be converted into a 26.1 per cent stake in PT Matahari Putra Prima, which operates hypermarkets in Indonesia, Multipolar said in a statement to the Jakarta Stock Exchange after the market closed. Multipolar said the investment would support future growth and expansion plans of Matahari…………………………………….Full Article: Source


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