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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi’s ATIC bids for SWF’s Chartered Semi stake

Posted on 29 May 2009

From Reuters: Abu Dhabi’s Advanced Technology Investment Co (ATIC) has made an offer for Singapore state investor Temasek Holdings’s near 60 percent stake in chipmaker Chartered Semiconductor, The Business Times newspaper reported on Friday.

The newspaper, which did not cite any source for the information, said ATIC, a venture capital firm owned by the Abu Dhabi government, has made the offer to buy the stake for between S$2.40 to S$2.60 a share, valuing Chartered CHRT.O at S$2.45 billion ($1.72 billion)…….Full Article: Source


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