Temasek Holdings Pte said the turmoil in Europe may result in a market slump rivaling the 2008 global financial crisis, creating opportunities for the Singapore state-owned investment company to make deals.
Temasek, which managed S$193 billion ($150 billion) as of March 2011, may fund European companies expanding in growth markets like Asia and Latin America, or form ventures with firms seeking mergers or acquisitions, Chief Investment Officer Tan Chong Lee said in a June 11 interview. Temasek is prepared to make “sizable” deals topping S$1 billion, he said. Full story
Related:
$58 billion loss by Temasek - The Online Citizen (10 Feb 2009)
