Temasek to sell entire F&N stake to Japan's Kirin
SINGAPORE, July 26 (Reuters) - Singapore state investor Temasek Holdings will sell its entire 14.7 percent stake in beer and property conglomerate Fraser & Neave to Japan's Kirin Holdings <2503.T> for S$1.3 billion ($950 million), company officials said on Monday.
"When Kirin approached us with an acceptable offer over a week ago, we decided, on balance, that it was a good opportunity for F&N to work with an established food and beverage company with complementary strengths," David Heng, Temasek managing director for investments, said in a statement. (Reporting by Saeed Azhar and Kevin Lim)
SINGAPORE, July 26 (Reuters) - Singapore state investor Temasek Holdings will sell its entire 14.7 percent stake in beer and property conglomerate Fraser & Neave to Japan's Kirin Holdings <2503.T> for S$1.3 billion ($950 million), company officials said on Monday.
"When Kirin approached us with an acceptable offer over a week ago, we decided, on balance, that it was a good opportunity for F&N to work with an established food and beverage company with complementary strengths," David Heng, Temasek managing director for investments, said in a statement. (Reporting by Saeed Azhar and Kevin Lim)