26.09.2012 - StanChart down as Singapore fund mulls sale of its 18pct stake
It was perhaps somewhere under the flashing lights and fireworks of the Singapore F1 Grand Prix last weekend that a hushed conversation about the fate of emerging-markets bank Standard Chartered took place. But maybe the conversation wasnít quite hushed enough. Itís emerged that Singaporeís state-owned investment fund Temasek has started talking to buyers about selling its £6 billion, 18% stake in the FTSE 100 bank. It could herald more than just a stake-sale. Cormac Leech, banking analyst at Liberum Capital, reckons Standard Chartered, whose logoed-skyscraper looms large over Singapore city centre, might have a takeover on its own horizon...............................................Full Article: Source
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