| Temasek Holdings Pte is discussing with Singapore Telecommunications Ltd. about selling part of the state investment firm’s nearly $2.4 billion stake in Thailand’s Intouch Holdings Pcl, according to a person with knowledge of the matter.
The parties see an opportunity to strike a deal now given recent evidence of increased political and economic stability in Thailand, the person said, asking not to be identified as the process is private. Singapore’s Temasek, which owns 51 percent of Singtel, held similar discussions with the city-state’s biggest phone company in 2014, though political tensions in Thailand at that time scuttled deal prospects, people with knowledge of the matter said previously...............................................Full Article: Source
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