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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Temasek seeks SingTel as buyer for $3.1 bln Shin Corp stake

Posted on 18 February 2014

Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp, according to people familiar with the matter, and has approached its SingTel unit as a possible buyer.
Temasek, which owns 41.6 percent of Shin Corp through a subsidiary, held talks with Singapore Telecommunications Co, as SingTel is formally known, late last year, but those discussions have since stalled, said the people, who declined to be identified as the information is not public………………………………………..Full Article: Source


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