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Singapore's Temasek gets India clearance to acquire stake in Speed JVco

( December 18, 2024, 07:30 GMT | Official Statement) -- MLex Summary: Singapore's sovereign wealth fund Temasek Holdings has received Indian merger approval to acquire a certain stake in Speed JVco, which provides visa outsourcing and related services. In the merger filing, the parties told the Competition Commission of India that while there is an insignificant complementary link between the activities of Temasek group and Speedco, there are no horizontal overlaps or vertical links. Temasek will make the acquisition through Ramon Investments, its investment vehicle. The commission said in its order late Tuesday that a detailed order will follow.  Statement from the Competition Commission of India follows:...

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