Temasek Holdings Pte, Singapore’s state investment fund, is among 15 investors that are buying almost one-third of a CVC Capital Partners Ltd.-led offering of PT Matahari Department Store shares, said a person with knowledge of the matter.
Temasek’s Fullerton Fund Management Co. and funds managed by Government of Singapore Investment Corp., Blackrock Inc. (BLK) and Goldman Sachs Group Inc. will be so-called cornerstone investors in the $1.36 billion sale, the person said, asking not to be identified as the information is private. Together, the funds have agreed to buy about 32 percent of the offering, or about $435 million of stock, the person said. Full story
