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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Government scared Temasek to sell

Posted on 26 October 2010

From Koreatimes.co.kr: Temasek Holdings of Singapore sold off its sizeable stake in Hana Financial because of fears that the latter’s plan to acquire Woori Financial might invite intervention by the Korean government in the merged financial provider, said a high-placed source familiar with the issue, Monday.

“Temasek was afraid the government would intervene in Hana’s management if it merged with Woori,” the source told The Korea Times on condition of anonymity…………………………………….Full Article: Source


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