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Friday SWFI News Roundup, August 19, 2016

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Temasek Sells 21% Stake in Intouch Holdings to Singtel

Singapore’s Temasek Holdings, through its sovereign wealth enterprises, is selling a 21% stake in Intouch Holdings, a Thailand telecommunications conglomerate formerly known as Shin Corporation, to Singtel for S$ 2.47 billion. Singtel is 51% owned by Temasek. Singtel is funding the transaction by issuing short-term debt, while allocating new shares to Temasek worth S$ 1.6 billion, at S$ 4.16 per share. In addition, Singtel is buying a 7.39% stake in Bharti Telecom for S$ 884 million from subsidiaries of Temasek Holdings. Before this deal, Singtel already owns a large 39.78% ownership stake in Bharti Telecom.

CIC Rumored to be Looking at Vale Streaming Deal

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OTPP Anticipates Money from Cushman Wakefield IPO

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The Ontario Teachers’ Pension Plan (OTPP) participated with TPG and PAG Asia on the buyout of DTZ a while back. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Tom Gores Wants Some Credit Game

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Traditional buyout firms are looking at building credit platforms to enhance revenue. Recently, Platinum Equity, a buyout firm run by Tom Gores that was formed in 1995, hired Michael Fabiano to help spur the formation of a credit investing division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Saudi Arabian Military Industries Forms Venture with Navantia

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State-owned Saudi Arabian Military Industries (SAMI) signed a deal with Navantia, a Spanish state-owned shipbuilding company, to form a joint venture to construct five warships – the building of five Avante 2200 Corvettes. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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