AFP
SINGAPORE (AFP) — 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 said in July that it was investing a further 3.4 billion US dollars into Merrill Lynch as part of the American investment bank's efforts to raise new capital.
Temasek is expected to receive the formal letter of approval this week, said the source, who declined to be identified.
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