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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek buys stake in Turkish bank

Posted on 06 December 2012

Singapore state-investment company Temasek Holdings Pte. Ltd. has bought a stake in a Turkish government-owned bank and is looking at other lenders as it makes its first entry into the fast-growing economy, people with knowledge of the process said.
With a portfolio of more than $160 billion, Temasek is looking to expand into emerging markets both within and outside Asia, with a focus on buying banks as a way to benefit from the rising spending by the growing middle class. Temasek already holds stakes worth $18 billion in China, mostly in state-owned banks………………………………………..Full Article: Source

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