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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek plans new offices in U.S., Europe

Posted on 28 June 2013

The U.S. office will be probably on the East Coast, Chia Song Hwee told the newspaper. The office in Europe will be in “the center of activities,” the newspaper reported Chia as saying, without elaborating. Stephen Forshaw, a Singapore-based spokesman for Temasek, confirmed the remarks in the report.
The share of Temasek’s investments in Europe and North America increased to 11 percent of its portfolio as of March 2012 from 8 percent in the previous year, according to its latest annual review, published in July. Temasek paid 1 billion euros ($1.3 billion) for a 5.04 percent stake in Repsol SA (REP), the Spanish oil company said in March. It agreed to buy a 4.6 percent stake in German chemical maker Evonik Industries AG (EVK), a person familiar with the matter said the same month………………………………………..Full Article: Source


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