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Sovereign Wealth Funds Briefing - Categorized | Investment

Prudential taps Temasek for funds

Posted on 03 March 2010

From Todayonline.com: British insurer Prudential has approached Singapore investment fund Temasek Holdings to help finance its US$35.5 billion ($49.8 billion) buyout of American International Assurance (AIA), according to the Financial Times.

In a news report yesterday, the Financial Times quoted unidentified sources as saying that Prudential was in talks with Temasek and Chinese sovereign wealth fund China Investment Corp to support a share issue to raise funds for the takeover……………………………………….Full Article: Source


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