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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek unit sells entire Chandra stake to Siam Cement

Posted on 21 September 2011

A unit of Singapore’s Temasek Holdings yesterday agreed to sell its 22.9-per-cent stake in an Indonesian petrochemical maker for about US$318 million (S$403.4 million) to Thailand’s largest industrial conglomerate, Siam Cement.
In a statement, Siam Cement said it will buy a 22.9-per-cent stake in Indonesia’s PT Chandra Asri Petrochemical from Apleton Investments and another 7.1-per-cent stake valued at about US$99 million from PT Barito Pacific……………………………………….Full Article: Source


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