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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek buys more shares in Pakistan’s NIB Bank, increasing focus on Asia

Posted on 02 March 2011

From Bloomberg: Temasek Holdings Pte, the biggest shareholder of NIB Bank Ltd., bought more shares in the Pakistani lender as Singapore’s state-owned investment company increases holdings in Asia.

Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange…………………………………….Full Article: Source

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