Temasek Eyes Selling Shin Corp Stake to SingTel
Singapore’s Temasek Holdings is exploring a sale of its US$ 3.1 billion stake in Thailand telecommunications company Shin Corp. Temasek Holdings, through a sovereign wealth enterprise called Aspen Holdings, owns 41.6% of Shin Corp. SingTel is majority-owned by Temasek and may be a possible suitor for the Shin Corp interest. Strategically, Temasek wants to consolidate portfolio companies by industry group to help achieve efficiencies.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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