Temasek Makes Mega Overseas Bet in A.S. Watson
Posted on 03/21/2014
Singapore’s Temasek Holdings is spending 44 billion HKD (US$ 5.7 billion) for a 24.95% stake in A.S. Watson & Co., the retail arm of Hutchison Whampoa Ltd. The deal permits a higher valuation for A.S. Watson’s assets and augments Temasek’s exposure to consumer retail. A.S. Watson is the biggest international health and beauty retailer. According […]
