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New Deal


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Prasarana and SMRT to create the RTS Operations joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Joint Venture

Transportation & Logistics

Friendly

Pending

Singapore

Private

Third Party Logistics (3PL)

Synopsis

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Prasarana, a Malaysia’s public transportation provider, and SMRT, a Singapore’s rail operator, are set to create the RTS Operations joint venture, which will design, build, and finance the Rapid Transit System Link operating assets including trains, tracks and systems. Financial terms were not disclosed. “The RTS Link is a significant milestone that will bring the people, cultures and societies on both sides of the Causeway closer. It will enhance cross-border connectivity for millions of commuters for decades to come,” Seah Moon Ming, SMRT Chairman.

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