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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Temasek and Lord Davies eye GBP18bln Lloyds stake

Posted on 08 July 2013

Sovereign wealth funds from Singapore, Norway and the Gulf, as well as an investor group led by Britain’s former trade minister, have expressed interest in buying a chunk of the taxpayer’s 39pc stake in Lloyds Banking Group.
The most recent overtures concerning the £18bn stake have come from Singapore’s giant Temasek fund and from Lord Davies, the ex-Standard Chartered bank boss who stepped down as trade minister in 2010………………………………………..Full Article: Source


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