Staff Reporter
,
Singapore
Sources say Temasek may increase its $2.4b stake.
Bloomberg reports that Singapore state investment company Temasek Holdings Pte is considering a buyout offer for SMRT Corp., the city-state’s biggest subway operator, a person with knowledge of the matter said.
Temasek is weighing an offer to buy all the shares it doesn’t already own in SMRT, according to the person, who asked not to be identified as the information is private.
Read the full report here.
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