Temasek plans US$1bil stake sale
HONG KONG: Temasek Holdings Pte is exploring a sale of its stake in Asian drug distributor Zuellig Pharma, people familiar with the matter said.
The Singapore state investment firm has been speaking with advisers about a potential sale of its 20% stake in Zuellig Pharma, which commands vast pharmaceutical distribution networks in about a dozen Asian markets, according to the people.
Temasek may seek around US$1bil for its holding in the Singapore-based company, the people said, asking not to be identified because the discussions are private.
Any deal would add to the US$28.4bil of health-care acquisitions in Asia announced this year, according to data compiled by Bloomberg. — Bloomberg