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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek in talks to buy stake in Indian firm

Posted on 26 September 2014

Three investment firms, including Singapore’s Temasek Holdings, are in advanced talks to buy a 30 per cent stake in the retail arm of India’s Aditya Birla Group for US$400 million (S$508 million) to US$500 million, two sources with direct knowledge of the matter told Reuters.
The other two firms involved in the talks are LVMH Moet Hennessy Louis Vuitton’s private equity arm, L Capital, and International Finance Corp (IFC), a unit of the World Bank that offers investment, advisory and asset management services to encourage private sector development in developing countries………………………………………..Full Article: Source


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