Temasek invested a total of 58 million Reais (28.6 million dollars) in two Brazilian companies in the fiscal year ended March 31, the release said.
“Temasek continues to increase its exposure to Brazil and other growing economies in Latin America,” said Matheus Villares, director of investments in Brazil. “We continue with a positive perspective for Brazil's growth potential and the potential of the region in the long term.”
According to Temasek, the fund invested 29 million Reais in Hidrovias do Brasil, a logistics company focusing on ports and shipping with operations in Brazil and Uruguay. Full story
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Singapore's Temasek increases Brazil investments - MarketWatch
