Showing posts with label consumer retail sector. Show all posts
Showing posts with label consumer retail sector. Show all posts

Monday, March 24, 2014

Temasek to Pay $5.7 Billion for 25% of Hutchison’s Watson

Billionaire Li Ka-shing’s Hutchison Whampoa Ltd. (13) agreed to sell a 25 percent stake in its retail arm to Temasek Holdings Pte for HK$44 billion ($5.7 billion) and pushed back plans for an initial public offering for the unit.