BRIEF-Capitaland Proposes Acquisition Of Shares In Ascendas And Singbridge
Jan 14 (Reuters) - Capitaland Ltd:
* PROPOSED ACQUISITION OF SHARES IN ASCENDAS PTE LTD AND SINGBRIDGE PTE. LTD. BY CAPITALAND LIMITED
* DEAL FOR TOTAL CONSIDERATION OF S$6,035.9 MILLION
* POST TRANSACTION, COMBINED TOTAL ASSETS UNDER MANAGEMENT (AUM) OF GROUP WILL EXCEED S$116 BILLION
* ENTERED INTO A TRANSACTION WITH TEMASEK TO ACQUIRE FROM ITS SUBSIDIARY, ASCENDAS- SINGBRIDGE PTE LTD
* 50% OF CONSIDERATION WILL BE FINANCED BY DEBT; REST TO BE PAID VIA ALLOTMENT AND ISSUANCE OF 862.3 MILLION CONSIDERATION SHARES AT S$3.50 EACH
* UNDER DEAL, TEMASEK’S OWNERSHIP OF CAPITALAND WILL INCREASE FROM ABOUT 40.8% TO ABOUT 51.0% UPON THE CLOSE OF THE TRANSACTION Source text for Eikon: Further company coverage: