Breaking News, World News and Taiwan News.

Temasek Holdings set to invest up to US$300 mil. in Indonesian retailer

The Straits Times/Asia News Network
February 6, 2013, 12:03 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

SINGAPORE -- Temasek Holdings is poised to spend US$300 million on a key stake in a major hypermart operator in Indonesia.

The move will give the Singapore investment firm a stake in the country's fast-growing consumer segment.

Temasek's indirect wholly owned subsidiary, Anderson Investments, has invested US$300 million in exchangeable rights. These rights can in turn be exchanged for a 26.1-percent effective stake in PT Matahari Putra Prima, the second largest hypermarket operator in Indonesia after PT Carrefour Indonesia.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	With planes grounded, Kingfisher loses US$142 mil. in third quarter

NEXT ARTICLE
German car sales see sharp decrease in January of 9 percent: official data

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.