FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su
Sources value the deal at around $7 billion, as Temasek sees an opportunity to boost the company’s growth. The buyout will be a rare controlling-stake transaction by Temasek, which reported a 25% rise in its portfolio value to a record S$381 billion in the year ended March 2021.
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