Temasek buys 25% stake in AS Watson for US$5.6bn

Strategic sale takes place after a series of investor meetings held by AS Watson parent Hutchison Whampoa.

Temasek buys 25% stake in AS Watson for US$5.6bn

Singapore’s state investment arm Temasek Holdings has agreed to buy a 24.95% stake in AS Watson for HK$44 billion US$5.6 billion, parent company Hutchison Whampoa said on Friday.

The deal values Hutchison Whampoa's international retail and manufacturing arm at about HK$177 billion US$22 billion and sets a price benchmark for any future listing of AS Watson, one banker said.

The stake sale came to fruition...

To continue reading, please login or register for free

Click for more on: temasek | as watson

Print Edition

FinanceAsia Print Edition

CONFERENCES