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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek to invest US$300mln in AgBank

Posted on 14 June 2010

From : Singapore’s state investment fund Temasek plans to invest up to US$300mil in Agricultural Bank of China, ahead of the latter’s roughly US$20bil IPO, a source said.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the US$1bil that AgBank’s underwriters are hoping to get from Middle East and Asian sovereign wealth fund cornerstone investors…………………………………………Full Article: Source


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