SINGAPORE: State investment arm Temasek Holdings said it has received 20 bids for its 78% stake in Changi International Airport Services (CIAS) and expects the sale to be completed by the end of this year.
“For the CIAS sale, we've received around 20 bids. We will be short-listing them this week, after which they will begin their due diligence on CIAS. We expect the sale process to be completed by end of the year,” Temasek spokeswoman Rachel Lin said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!