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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore wealth fund eyes GBP4.5 bln Lloyds stake

Posted on 09 July 2013

Singapore’s sovereign wealth fund has made a preliminary approach to buy a £4.5 billion stake in Lloyds, according to the Sunday Times. The paper says Temasek, which owns 18% of Standard Chartered, is willing to buy around 10% of the bank’s shares.
The news comes as chancellor George Osborne ramps up the government’s strategy to return the bank to the private sector. The Times also suggests former trade minister and Standard Chartered chief executive Lord Davies has been trying to form a consortium to buy the government’s entire 39% stake in Lloyds………………………………………..Full Article: Source


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