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Sovereign Wealth Funds Briefing - Categorized | Financials

Temasek swaps Inmet receipts for shares

Posted on 18 May 2011

Inmet Mining has received about $500-million after a subsidiary of Singapore’s Temasek Holdings exchanged the subscription receipts it held for 7,78-million Inmet common shares.
Temasek bought the receipts in a placement that closed in April last year, but the $500-million was placed in escrow until certain conditions were met……………………………………….Full Article: Source


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