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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek pares bet on U.S. stocks with Facebook to Monsanto exits

Posted on 15 November 2013

Temasek Holdings Pte exited holdings of U.S.-based firms including Facebook Inc., Monsanto Co., and Air Products & Chemicals Inc., as Singapore’s state-owned investment firm pared its holdings of U.S. stocks.
Temasek, directly or through its units, sold its 4.3 million A shares of social-networking company Facebook, worth $107 million as of the end of the second quarter, according to a regulatory filing today with the U.S. Securities and Exchange Commission. Temasek also sold 1.42 million shares of seed maker Monsanto and its 1.25 million shares of industrial gas producer Air Products, valued at $140.5 million and $114.9 million………………………………………..Full Article: Source


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