(Oct 24): CR Capital Holdings shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said.

The company’s owners, which include Temasek Holdings and Khazanah Nasional, have asked banks to pitch for a role on a potential transaction, according to the people. A deal could value ACR at about US$800 million ($1.1 billion), the people said, asking not to be identified because the information is private.

Any transaction would add to the US$7 billion in deals targeting Southeast Asia financial companies this year, data compiled by Bloomberg show. A sale process could start as soon as early next year if they decide to proceed, the people said. No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, according to the people.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook