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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek buys 5 pct in Spanish energy giant Repsol for $1.35 bln

Posted on 05 March 2013

Temasek Holdings, Singapore’s sovereign wealth fund, bought a 5-per cent stake in Repsol SA, for €1.04 billion ($1.35 billion), lifting its holding in the Spanish oil giant to 6.3 per cent.
Temasek, one of the world’s biggest investors with over €115 billion of assets, paid €16.01a share, or a 1.7 per cent discount to Friday’s close. The Madrid-based company sold its entire portfolio of treasury stock at a discount and booked a €148 million loss on the transaction………………………………………..Full Article: Source


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