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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek’s dealmaking reflects big bets on rise of the consumer

Posted on 15 April 2014

From toothpaste and shampoo in China to instant noodles and tomato paste in Africa, Temasek is betting big on growth in an emerging middle class – a significant shift for Singapore’s $171bn national investment agency, long known for its emphasis on the financial sector.
Last month Temasek struck a $5.7bn deal with Li Ka-shing, Hong Kong’s richest man, for a 25 per cent stake in his AS Watson health and beauty stores business. That came on the heels of a tender offer for Olam in a deal that values the Singapore-listed cashews-to-cotton company at $4.2bn………………………………………..Full Article: Source


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