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Drew & Napier is advising Singapore state investor Temasek Holdings on its S$1.18 billion ($869.31 million) offer to buy the remaining 46 percent stake in SMRT Corp that it does not already own. SMRT is being represented by WongPartnership.

Once the deal is complete, SMRT will become a wholly owned subsidiary of Temasek and will be delisted. 

SMRT, Singapore’s main rail operator, has come under criticism in recent years after a series of train breakdowns led to public outcry in a country long known for an efficient and reliable public transport infrastructure.

The Drew & Napier team working on the transaction includes directors Sandy Foo, Farhana Siddiqui and Maryam Menon.

 

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