Temasek Said to Have Sold Stake in Singapore’s Keppel REIT
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Temasek Holdings Pte, Singapore’s state-owned investment company, sold a stake in office landlord Keppel REIT, according to two people familiar with the transaction.
Temasek sold about 103.9 million shares at an average price of S$1.195 each, or a total of about S$124 million ($100 million), according to one of the people, who asked not to be identified because the information is private. Stephen Forshaw, a spokesman for Temasek in Singapore, declined to comment. Keppel Corp., the parent of the Singapore REIT, said in an e-mail it couldn’t immediately comment.