CapitaLand to buy Ascendas business units in $8 billion deal
Singapore-based realty firm CapitaLand has said it will acquire Ascendas-Singbridge's stake in two of the latter's subsidiaries in a deal worth over $8 billion. Singapore state investor Temasek, which owns Ascendas, would have about 51% stake in CapitaLand after the transaction. The real estate trusts that are part of the deal include Ascendas India Trust, which owns several IT parks.