SINGAPORE-(Dow Jones)- A consortium that includes Singapore state investment company Temasek Holdings Pte. Ltd. and its wholly owned hedge fund Seatown Holdings has acquired a 5% stake in China Construction Bank Corp. (0939.HK) from Bank of America Corp. (BAC), people familiar with the situation said Tuesday.
Seatown--whose name is an English translation of Temasek--invests across a range of asset classes in global markets and was set up in January 2010.
The consortium also includes Chinese buyers, one of the people said without giving more details. Full story
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