Temasek to increase Europe, US portfolio

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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