Temasek Holdings has agreed to buy USD5.7 billion ($7.1 billion) worth of equity stake in the world's largest health and beauty retail chain A. S. Watson.
The Singapore-based investment company hopes this will increase its stake in the consumer retail market, in both Asia and struggling Europe.
With over 10,500 stores carrying about 14 retail brands in 25 markets worldwide, Chia Song Hwee, Head of Investment Group at Temasek is "very pleased with the opportunity to be a long term partner with Hutchison Whampoa Limited through our (sic) investment in AS Watson".
A. S. Watson has over 400 stores and more than 900 pharmacies in Asia including China, Hong Kong, Taiwan, Malaysia and Singapore.
Photo: Watsons Singapore Facebook
Temasek Holdings has agreed to buy USD5.7 billion ($7.1 billion) worth of equity stake in the world's largest health and beauty retail chain A. S. Watson.
The Singapore-based investment company hopes this will increase its stake in the consumer retail market, in both Asia and struggling Europe.
With over 10,500 stores carrying about 14 retail brands in 25 markets worldwide, Chia Song Hwee, Head of Investment Group at Temasek is "very pleased with the opportunity to be a long term partner with Hutchison Whampoa Limited through our (sic) investment in AS Watson".
A. S. Watson has over 400 stores and more than 900 pharmacies in Asia including China, Hong Kong, Taiwan, Malaysia and Singapore.
Photo: Watsons Singapore Facebook