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2024-04-09 14:05 | Report Abuse
According to Bloomberg, several private equity funds have been selected to make binding bids to join the funding round. These include Apollo, Blackstone, and Stonepeak Partners, while a consortium of KKR and Singapore Telecommunications has also been invited to make an offer.
Bids must be submitted by early April, according to the report, which cites people familiar with the discussions. DCD has contacted STT for comment.
STT GDC is currently wholly owned by Temasek, which controls its parent company, Singapore Technologies Telemedia.
News of a potential IPO for the business first surfaced last January, when it was reported that it was investigating the potential for a public listing valuing the business at $5bn. The US and Singapore were touted as potential locations for the IPO.
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Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
2024-04-09 14:09 |
Post removed.Why?