Skip to main content

newsAllen & Gledhill has advised Singapore Press Holdings (SPH) on its S$2.24 billion ($1.65 billion) sale to conglomerate Keppel, which was counselled by WongPartnership.

According to Reuters, the deal, which excluded SPH’s media business, will give Keppel access to SPH’s real estate footprint.

SPH, which publishes Singapore’s main newspaper, The Straits Times, said in May that it would transfer its media business to a non-profit company as the unit struggled with falling advertising revenue and losses, Reuters added.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

CAM, Trilegal, Khaitan, IndusLaw act on HUL’s $350 mln Minimalist deal

by Nimitt Dixit |

In the first big M&A deal in India this year, leading firm Cyril Amarchand Mangaldas has guided FMCG major Hindustan Unilever (HUL) on its acquisition of 90.5 percent stake in Jaipur-based skincare startup Minimalist for close to $350 million (29.5 billion rupees).

Deals

7 international, Indian firms act on Kedaara Capital’s $350 mln U.S. bet

by Nimitt Dixit |

Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.

Deals

SAM, Latham guide Hexaware’s upcoming $1.2 bln India IPO

by Nimitt Dixit |

Indian law firm Shardul Amarchand Mangaldas & Co has been mandated to assist Hexaware Technologies, an AI-focused tech company backed by Carlyle Group, on its upcoming initial public offering (IPO) in India, which is expected to raise $1.2 billion.