Temasek raises stake in Merrill Lynch
Posted by Editor on October 01, 2008 at 01:47 AM
Thomson Reuters reports that, “Singapore’s Temasek Holdings has increased its stake in Merrill Lynch & Co Inc to 13.7 percent from 9.4 percent, according to a U.S. regulatory filing.”
Korea, Temasek keen to know terms of Merrill takeover
Posted by Editor on September 17, 2008 at 06:35 AM
Thomson Reuters reports that, “South Korean and Singaporean sovereign wealth funds are still awaiting conversion terms of their Merrill Lynch shares into Bank of America Corp’s stock, Korea Investment Corporation (KIC) said on Wednesday.”
Singapore's Temasek gets approval to up Merrill stake
Posted by Editor on August 27, 2008 at 06:00 AM
AFP reports that, “Singaporean sovereign wealth fund Temasek Holdings has received approval from US anti-trust regulators to raise its stake in Merrill Lynch, a source said Wednesday.”
Temasek's growing stake in Merill
Posted by Editor on August 26, 2008 at 12:47 AM
Bloomberg writes that, “Singapore’s slowest economic growth in five years hasn’t stopped the city-state from expanding its stake in a shrinking Merrill Lynch & Co.”
Why would an SWF still be interested in the financial sector?
Posted by Editor on August 21, 2008 at 01:24 PM
Portfolio.com asks, “Why would a sovereign wealth fund that poured $5 billion into Merrill Lynch eight months ago want to invest even more money after seeing Merrill’s shares fall by more than half?”