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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Temasek said to sell S$328 mln Sembcorp Marine stake

Posted on 06 March 2012

Temasek Holdings Pte (TMSK), Singapore’s state-owned investment company, raised S$327.6 million ($261 million) by selling shares in Sembcorp Marine Ltd. (SMM), a person with direct knowledge of the matter said.
Temasek sold 62.4 million shares in Sembcorp Marine, or less than 1 percent of the world’s second-biggest oil-rig maker, at S$5.25 each, said the person, who declined to be identified as the sale hasn’t been publicly announced………………………………………..Full Article: Source


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