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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek to invest up to $300mln in massive planned AgBank IPO

Posted on 28 June 2010

From Thejakartaglobe.com: Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said over the weekend.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the $1 billion that AgBank’s underwriters are hoping to get from Middle East and Asian sovereign wealth fund investors……………………………………….Full Article: Source


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