CapitaLand becomes Asia's largest diversified real estate group

📆 1/15/2019 3:01 AM
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CapitaLand is acquiring Temasek subsidiary Ascendas-Singbridge (ASB) in a deal valued at $11 billion, including debt, to create Asia's largest diversified real estate group. After the transaction, the group's combined total assets under management (AUM) will exceed $116...

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CapitaLand's CEO of four months pulls off mega deal for property giantFOUR months in as head honcho of South-east Asia’s property giant CapitaLand, Lee Chee Koon has pulled off a mighty S$11 billion cash-plus-shares deal (subject to shareholders’ nod) to buy Ascendas-Singbridge (ASB) from Temasek Holdings that will vault the company into the largest diversified real estate group in Asia. Read more at The Business Times. Credits to the past CEO as well who started the deal. Deal of this size would be months or even years of discussion / due diligence / valuation. Not fair to say the new CEO pulled it off... It was probably at tail end where he wrapped it up
Source: BusinessTimes - 🏆 15. / 51 Read more »