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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek ‘looking to sell NIB stake to ICBC’

Posted on 03 January 2012

Temasek Holdings is looking to offload its stake in NIB Bank to ICBC, China’s largest financial institution, according to a report from Pakistan. A Temasek spokesman said on Wednesday: ‘We do not comment on speculation.’
The report from The Express Tribune on Tuesday said Temasek was unhappy with NIB’s management and the performance of the bank. It has reportedly pumped hundreds of millions of dollars into the bank only to see its value plummet……………………………………….Full Article: Source


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