CapitaLand completes $11 billion acquisition of Ascendas-Singbridge
CapitaLand announced on June 30, the completion of its acquisition of all the shares in Ascendas Pte Ltd and Singbridge Pte Ltd from Temasek Holdings. The acquisition, valued at $11 billion, was first announced on January 14, 2019. It will create one of Asia’s largest diversified real estate groups with over $123 billion in assets under management.
The transaction is said to have received “overwhelming approval” from CapitaLand’s independent shareholders at an extraordinary general meeting held on April 12.
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