Comment / On the wires: Temasek the 'Saviour' invests little in Li & Fung as it cashes in top dollar from CapitaLand

By Alessandro Pasetti

01/07/2019

“Li & Fung Limited (…) today announced it has entered into a subscription agreement with Temasek (..) for a cash consideration of $300m for approximately 21.7% stake of its Logistics business (“LF Logistics”). The investment values LF Logistics at approximately $1.4bn on a post-money equity valuation basis.” – Li & Fung, 28 June 2019.

Hey ho: After the friendly domestic bailout of debt-laden Pacific International Lines – more about the PIL rumoured takeover saga can be found here – Singapore’s sovereign wealth fund ...

Comment on this article

You must be logged in to post a comment.

Topics

CapitaLand Li & Fung On the wires Temasek Expeditors

Most read news

DSV and K+N see margins squeezed hard in third quarter

Carriers may have 'overshot' on capacity and will need to blank more sailings

Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N

Freight rates on major ocean trades out of India continue to slide

MSC ship first in line for delays with Montreal dockers set for Sunday strike

Trump second term would pose a 'destructive risk to the container market'

Four arrested in Poland following claims Russia shipped explosive parcels

Red Sea crisis proving 'a boom period' for feeder operators

Final defendant in Polar Air Cargo case pleads guilty before trial begins

Could this five-in-one collapsible container finally be the game-changer?

Surprise meets Virgin Atlantic Cargo's 'bizarre' daily cargo flight to Brussels

Harim would submit new bid if HMM came up for sale again

Asia Pacific airfreight market on the up, despite manufacturing slowdown

US lines: Where is all the sales talent in freight forwarding?

CMA CGM braces for an even greater financial hit from French windfall tax

Jacob David joins Etihad Cargo to lead product innovation