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Temasek lost more than half its investment

Published Monday, June 23, 2008 by Singapore Election |
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Barclays is expected to add two new sovereign wealth funds to its existing duo of China Development Bank and Singapore's Temasek, which came on board last July to help the British bank raise its - unsuccessful - bid for ABN Amro.

Yet both have already lost more than half their investment, paying 720p a share for their combined 5 per cent stake compared with last week's price of around 320p.

It is not Temasek's only loss: last December, it paid $4.4bn (£2.2bn) for a stake in US banking giant Merrill Lynch; last week, that holding was worth just $3.4bn. [...]Shares in Swiss banking giant UBS have halved since the Government of Singapore Investment Corporation paid 11bn Swiss francs (£5.5bn) for a 9.5 per cent stake.

[source]

1 Responses to “Temasek lost more than half its investment”

  1. Anonymous Anonymous  on 11:59 AM SGT

    temasek's people should be unsettled.

     

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