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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek to invest up to $147 mln in Pakistan NIB Bank

Posted on 30 October 2008

From Reuters: Singapore sovereign wealth fund Temasek Holdings has agreed to a further investment of up to 12 billion rupees (94 million pounds) in Pakistan’s NIB Bank via a rights issue, NIB said.

Temasek, already NIB’s largest shareholder with 63.15 percent, will participate in the Pakistani bank’s 12 billion rupee rights issue and subscribe for shares not taken up by minority holders…… Full Article: Source


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