Singtel Trustwave Strategic Review Completion 2023

Singtel announced the completion of its strategic review of Trustwave, agreeing to sell its entire equity stake to MC2 Titanium for US$205M. The divestment, expected to close by Q4 2023, aligns with Singtel's strategy to refocus on Asia Pacific operations and optimize resource allocation. Trustwave will be reclassified as a subsidiary held for sale and deconsolidated from group financials.