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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek eyes 10pct stake in Lloyds

Posted on 08 July 2013

Singapore’s sovereign wealth fund Temasek Holdings Pte. Ltd. has made a preliminary approach to the U.K. government about buying a 4.5 billion pound ($6.7 billion) stake in Lloyds Banking Group, The Sunday Times reported without naming its sources.
Temasek, which also owns 18% of U.K.-listed lender Standard Chartered PLC , is seeking to buy about 10% of the bank’s shares, the report said. The government currently owns 39% of Lloyds shares following a bailout at the height of the financial crisis, but is now thought to be looking to sell off the stake………………………………………..Full Article: Source


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