In a deal that will create the largest diversified real estate group in Asia, Singapore-based CapitaLand Limited on Monday announced that it has entered into a transaction with Temasek to acquire from its subsidiary, Ascendas-Singbridge Pte Ltd, all the shares in the two wholly owned intermediary subsidiaries of the latter.
The proposed transaction is valued at S$11 billion ($8 billion), according to a company statement.
