Temasek said to mull options for stake in retailer A.S. Watson

Photo: Bloomberg

Singapore state investment firm Temasek Holdings Pte is exploring options for its stake in global retailer A.S. Watson Group, including a partial sale, people with knowledge of the matter said.

Temasek is working with an adviser to consider possibilities for its 25 percent holding in A.S. Watson after receiving some preliminary interest, according to the people, who asked not to be identified because the information is private. It bought the stake in A.S. Watson, which is a unit of Hong Kong tycoon Victor Li’s CK Hutchison Holdings Ltd., for HK$44 billion ($5.6 billion) in 2014.

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