Temasek exits Hana in stake sale worth up to $643 mln

Reuters, 20 Oct 2010
HONG KONG/SEOUL, Oct 20 (Reuters) - Singapore state investor Temasek Holdings [TEM.UL] is selling its entire 9.6 percent stake worth up to $643 million in South Korea's Hana Financial Group Inc (086790.KS), a term sheet obtained by Reuters showed.
Angelica Investments Pte, wholly owned by Temasek Holdings, is selling 20.4 million Hana shares at 34,300 won to 35,550 won each -- a discount of zero to 3.5 percent to Wednesday's closing price of 35,550 won, the term sheet from Credit Suisse, which is handling the placing, showed. Full story

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