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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek takes 10pct stake in Markit

Posted on 22 May 2013

Singapore state investment company Temasek Holdings Pte. Ltd. has bought a significant stake in U.K. financial data provider Markit Group Ltd., according to a press release by Markit. Temasek will take an approximately 10% stake in the investment of about $500 million, a person familiar with the matter said.
Markit was initially founded by a group of investment banks as a provider of credit default swap pricing and has since branched out into other financial markets. The original shareholders have since sold down their stakes to a variety of private equity firms and investment funds………………………………….Full Article: Source


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