Temasek confirms sale of Huaneng Renewables

Choice of targeted club deal reflects jittery market environment, and bankers say they expect more such deals as sellers seek alternative ways to achieve better pricing.

Temasek Holdings confirmed in a disclosure filing yesterday that it sold its entire stake in Hong Kong-listed wind power producer Huaneng Renewables last week, raising a total of HK$435.5 million ($56 million).

¬ Haymarket Media Limited. All rights reserved.

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