Te­masek plans US$1bil stake sale

The Star Malaysia - StarBiz - - Foreign News -

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

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