Monday, March 3, 2008

Great Eastern To Accept Straits Trading Offer

Source : The Business Times, March 3, 2008

Singapore insurance firm Great Eastern said on Monday that it will accept an offer for Straits Trading by Tecity, whose offer values the commodities and property firm at $2.18 billion (US$1.56 billion).

Oversea-Chinese Banking Corp, together with insurance unit Great Eastern Holdings, control about 25 per cent of Straits Trading. -- REUTERS

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