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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Khazanah and other ACR shareholders agree to stake sale terms

Posted on 06 October 2016

Singapore reinsurer, ACR Capital Holdings Pte Ltd, on Wednesday announced that its major shareholders, including Khazanah Nasional Bhd, have agreed to the terms for the 100% acquisition of ACR by Shenzhen Qianhai Financial Holdings Co Ltd (QFH) and Shenzhen Investment Holdings Co Ltd (SIHC).
ACR did not disclose the purchase price but it was reported that the deal was worth S$1bil (RM3.03bil). Its other major shareholders are 3i Group plc (and affiliates), Temasek Holdings (Pte) Ltd and Marubeni Corp………………………………….Full Article: Source


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