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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek subsidiary to buy 26.1pct stake of Matahari

Posted on 06 February 2013

Diversified holding company PT Multipolar (MLPL) says it will sell a 26.1 percent stake of subsidiary PT Matahari Putra Prima (MPPA) to Singapore investment company Temasek Holdings Ltd.
Eddy Handoko, Multipolar’s president director, said that the company and Temasek subsidiary Anderson Investments Pte. Ltd. signed an exchangeable rights subscription agreement in January, allowing Anderson to buy the stake in Matahari Putra Prima, which was reportedly worth US$300 million………………………………………..Full Article: Source


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