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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek buys $45mln Freeport stake in efforts to diversify

Posted on 19 May 2010

From Asiaone.com: Temasek Holdings, Singapore’s state investment company, has bought a stake in Freeport- McMoRan Copper & Gold for nearly US$32 million (S$45 million), according to a regulatory filing seen by Reuters.

The stake purchase is its latest investment in the resources sector, in which it has poured more than US$1 billion in the last two months……………………………………Full Article: Source


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