CapitaLand, Ascendas-Singbridge ink $8b deal to create Asia’s largest real estate group

Photo: Reuters

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.

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