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

Temasek sells stake in Sembcorp Marine

Posted on 06 March 2012

Singapore state-investment company Temasek Holdings Pte. sold a 3% stake in rig builder Sembcorp Marine Ltd., in a block sale that raised 327.6 million Singapore dollars, or US$261.1 million, people familiar with the deal said Tuesday.
People familiar with the situation Monday said Temasek was looking to sell 62.4 million shares. The shares sold at a price of S$5.25 each………………………………………..Full Article: Source


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