Temasek sells CPG to Downer EDI

Singapore''s promised divestment process stays on track with the sale of CPG Corporation to Australia''s Downer EDI.

Temasek, the Singapore government investment agency, has announced the sale of CPG Corporation to Downer EDI of Australia. CPG Corporation was formerly the Public Works Department of the Singapore government before it was corporatized in 1999 and re-named in 2002. Downer EDI is Australia's second largest engineering, infrastructure and resource services company.

Last November, the government announced it had hired JPMorgan to find a new buyer for the company, the first such divestment to happen under the...

To continue reading, please login or register for free

Click for more on: temasek | sells | cpg | downer | edi

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...