In a $1.7 billion acquisition, Temasek and Warburg Pincus have purchased the insurance services firm SRG.

Quick Summary:

The move will help SRG expand internationally, including further into Europe and Asia.

The deal values SRG at more than £1 billion (S$1.7 billion) including debt, according to people familiar with the matter.

The transaction is aimed at helping SRG expand internationally, including further into Europe and Asia, they said, asking not to be identified discussing confidential information.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Internationally Asia Warburg Insurance Services Including Expand Europe Pincus Temasek Firm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 09:45:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21054673

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 6 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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