Temasek bought 382,000 shares in the New York-listed Freeport, it said in a quarterly filing dated May 11 with the U.S. Securities and Exchange Commission.The stake is now valued around $27 million based on Freeport's last traded price of $69.72. Freeport is valued at $32.8 billion, according to Reuters data.
Temasek, which had high exposure to banks at the start of the credit crisis, has been diversifying its portfolio with investments in miners and energy companies. Full Story
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Temasek buys Freeport-McMoRan stake for $32m - Mineweb
Temasek Invests US$32 Million In Freeport-McMoRa - Easybourse
