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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek sells stake in South Korea’s Hana Financial for $605 mln news

Posted on 22 October 2010

From Domain-b.com: Singapore’s state-owned investment company Temasek Holdings Pte Ltd yesterday has sold its entire stake in South Korean financial major Hana Financial Group Inc for $605 million, in an attempt to reduce the fund’s exposure to the financial sector, and increase its focus on more promising areas such as energy and resources.
Earlier yesterday, the island-nation’s sovereign wealth fund invested $400 million in Brazil’s Odebrecht Oil & Gas (OOG), a unit of diversified industrial conglomerate Odebrecht SA……………………………………….Full Article: Source


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