Tue, Sep 27, 2016
A A A
Welcome mteam
RSS

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


 Article link

This post was written by:

VRS - who has written 19486 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
M T W T F S S
« Aug    
 1234
567891011
12131415161718
19202122232425
2627282930