British billionaire investor and former treasurer of Britain’s Conservative Party, Michael Spencer. Photo: Bloomberg

London billionaire Michael Spencer boosts stake in Singapore Life to 63pc

  • Michael Spencer has boosted his stake in the firm to 63 per cent from 29 per cent through his private company IPGL
  • Spencer paid US$52.7 million to Chong Sing Holdings to acquire the additional 33.8 per cent stake
  • An eventual IPO is “certainly” part of the aspirations for Singapore Life, says Singapore Life CEO Walter de Oude
Topic |   InsuTech

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British billionaire investor and former treasurer of Britain’s Conservative Party, Michael Spencer. Photo: Bloomberg
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