BRIEF-Singtel Reports Acquisition of STT Gdc by KKR-led consortium with Singtel Group

Reuters02-04 07:26
BRIEF-Singtel Reports Acquisition of STT Gdc by KKR-led consortium with Singtel Group

Feb 4 (Reuters) - Singapore Telecommunications Ltd STEL.SI:

  • AN AMOUNT EQUAL TO S$3.3 BILLION, BEING 50% OF TOTAL CONSIDERATION, WILL BE PAYABLE ON CLOSING

  • TOTAL CONSIDERATION FOR SALE SHARES IS S$6.6 BILLION

  • INVESTOR COMMITS S$740 MILLION EQUITY INJECTION INTO OPAL

  • UNIT AND KKR OPAL TOPCO LP AGREED TO FORM A CONSORTIUM TO ACQUIRE THROUGH OPAL BIDCO PTE. LTD. ALL SHARES IN SHARE CAPITAL OF STT GDC

  • REMAINING TOTAL CONSIDERATION PAYABLE FOR SALE SHARES WILL BE FUNDED BY KKR'S SEPARATE INVESTMENT INTO OPAL AND DEBT

  • HAVE AGREED TO FORM A CONSORTIUM TO ACQUIRE THROUGH OPAL BIDCO 81.7% OF STT GDC

  • AN AMOUNT EQUAL TO S$3.3 BILLION, BEING 50% OF TOTAL CONSIDERATION, WILL BE PAYABLE ON CLOSING

  • UPON CLOSING, SINGTEL INVESTOR WILL HOLD AGGREGATE EQUITY INTEREST OF 25% OF ALL SHARES IN SHARE CAPITAL OF STT GDC

Further company coverage: STEL.SI

((Reuters.Briefs@thomsonreuters.com;))

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