"We look to continue to hold on to our stakes in UBS and Citigroup for many years to come," Tony Tan, deputy chairman of the Singapore sovereign wealth fund, said in a Jan. 29 interview at Davos, Switzerland, where he attended the World Economic Forum meeting. "But one never says never; if someone offers an extremely high price, of course we'll look at the possibility." Full story
Tony Tan: GIC to hold Citi, UBS stakes for many years
NewsTimes.com, 31 Jan 2011
Government of Singapore Investment Corp., the biggest investor in Citigroup Inc. and UBS AG, plans to hold on to its stakes in the banks for "many years" and will only consider selling if there are attractive offers.
"We look to continue to hold on to our stakes in UBS and Citigroup for many years to come," Tony Tan, deputy chairman of the Singapore sovereign wealth fund, said in a Jan. 29 interview at Davos, Switzerland, where he attended the World Economic Forum meeting. "But one never says never; if someone offers an extremely high price, of course we'll look at the possibility." Full story
"We look to continue to hold on to our stakes in UBS and Citigroup for many years to come," Tony Tan, deputy chairman of the Singapore sovereign wealth fund, said in a Jan. 29 interview at Davos, Switzerland, where he attended the World Economic Forum meeting. "But one never says never; if someone offers an extremely high price, of course we'll look at the possibility." Full story
