Presentation: Multi-billion acquisition by CapitaLand Limited of Ascendas-Singbridge, a subsidiary of Temasek Holdings

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Press release: “Singapore, 14 January 2019 – CapitaLand Limited (“CapitaLand”) announced today that it has entered into a transaction with Temasek to acquire from its subsidiary, AscendasSingbridge Pte Ltd (“ASB”), all the shares in the two wholly owned intermediary subsidiaries of ASB1 , the effect of which will be to create the largest diversified real estate group in Asia (the “Group”)2 . The proposed transaction (the “Transaction”) is valued at S$11 billion and is subject to approval by CapitaLand’s independent ...