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Singapore Wrap Friday
Ardian, the French alternative asset manager, agreed to buy a portfolio of private-equity fund stakes worth about US$1 billion from Singapore sovereign wealth fund GIC Pte, people with knowledge of the matter said.
Ascendas Real Estate Investment Trust (A-Reit) is looking to make its maiden acquisition of 26 logistics properties in Australia for A$1.013 billion from GIC and Frasers Property Australia.
Marina One announced on Friday that it had secured a strong line-up of anchor retail and food & beverage (F&B) brands that include Virgin Active, Cold Storage and Cookhouse by Koufu, ahead of the Singapore development's expected issuance of its temporary occupation permit in 2017.
Engineering and corrosion prevention services group SHS Holdings, formerly known as See Hup Seng, has inked a deal to sell its refined petroleum distribution business to German chemicals distributor Brenntag for about S$100.3 million, it said in a Singapore Exchange filing after market closed on Friday.
Sembcorp Industries has tied up with the Singapore Economic Development Board (EDB) to be the country's first industrial "living laboratory".
The STI Today
The Straits Times Index traded as high as 2,919 on Friday but was hit by a late selloff that took it from a gain of 24 points to a nett loss of 16.22 points at 2,879.59.