Singapore's Temasek pays $300m for 21.7% stake in Li & Fung's logistics business

LF Logistics

Singapore state investor Temasek Holdings has acquired a 21.7-per cent stake in LF Logistics, the logistics business of Hong Kong sourcing company Li & Fung, for a cash consideration of $300 million.

In a statement, Li & Fung said, Temasek’s investment values the company at approximately $1.4 billion on a post-money equity valuation basis. Li & Fung will remain a controlling shareholder of LF Logistics.

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