Temasek to increase Europe, US portfolio

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TemasekSingapore state investment company Temasek Holdings seeks to increase its investments in US and European companies as it is “bullish on both regions”, Boon Sim, Temasek’s president for the Americas, told the Wall Street Journal in an interview.

In particular, Temasek would look into sectors such as energy, healthcare and technology and European firms’ global reach as a long-term investor.

Temasek has a global investment portfolio of about $156.5 billion. In March 2013, it spent $1.35 billion to acquire a five per cent stake in Spainish oil and gas giant Repsol and acquired a five per cent stake in German chemicals company Evonik Industries AG for over $780 million.

To further increase its portfolio, Temasek will open small offices in New York and London. The sovereign wealth fund’s investments in North America and Europe rose to 11 per cent from 8 per cent in its fiscal year 2011-2012, ending in March.

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Reading Time: 1 minute

Singapore state investment company Temasek Holdings seeks to increase its investments in US and European companies as it is “bullish on both regions”, Boon Sim, Temasek’s president for the Americas, told the Wall Street Journal in an interview.

Reading Time: 1 minute

TemasekSingapore state investment company Temasek Holdings seeks to increase its investments in US and European companies as it is “bullish on both regions”, Boon Sim, Temasek’s president for the Americas, told the Wall Street Journal in an interview.

In particular, Temasek would look into sectors such as energy, healthcare and technology and European firms’ global reach as a long-term investor.

Temasek has a global investment portfolio of about $156.5 billion. In March 2013, it spent $1.35 billion to acquire a five per cent stake in Spainish oil and gas giant Repsol and acquired a five per cent stake in German chemicals company Evonik Industries AG for over $780 million.

To further increase its portfolio, Temasek will open small offices in New York and London. The sovereign wealth fund’s investments in North America and Europe rose to 11 per cent from 8 per cent in its fiscal year 2011-2012, ending in March.

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