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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek buys stake in Turkish bank

Posted on 07 December 2012

Singapore state-investment firm 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 seeking 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………………………………………..Full Article: Source


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