Temasek, 3i to exit ACR Capital to Chinese consortium
An investment vehicle controlled by China's Shenzhen Qianhai Financial Holdings (QFH) and Shenzhen Investment Holdings (SIHC) has agreed to buy Singapore-based reinsurer ACR Capital Holdings from its backers, which include Temasek Holdings, Khazanah Nasional and 3i Group.
Financial details of the transaction have not been disclosed, though media reports have put the valuation at about $1 billion, and 3i said in a statement that it expects to see proceeds of about GBP182...
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