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;))