Singapore investment company Temasek holdings has agreed to acquire a 24.95% stake in health & beauty retailer A.S. Watson for $5.7 billion, according to a company announcement. The deal values A.S. Watson at $22.8 billion. A.S. Watson is owned by Asia's richest man Li Ka-shing's Hong Kong-listed investment holding company, Hutchison Whampo. A.S. Watson will […]
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