Temasek eyes AXA China stake, valued at $1.05 bln

Reuters India, 2 Nov 2009
Singapore state investor Temasek [TEM.UL], Blackstone Group and KKR are among the firms expected to submit bids for AXA's stake in China's Taikang Life, sources said, an investment AXA values at $1.05 billion.
According to the sale document, another Singapore investment fund, Government of Singapore Investment Corp. [GIC.UL], owns 8 percent of Taikang Life.
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