Singapore investment fund Temasek has sounded out potential buyers for its £6 billion stake in Standard Chartered, potentially reigniting talk of a takeover of the emerging markets bank.
The fund, which is owned by the Singapore government, had been judging buyer interest for its 18 percent shareholding in recent months, said people close to the situation.
Bankers said earlier momentum for a sale fell last month as StanChart’s shares dropped 20 percent on the day it was accused by a U.S. regulator of breaching U.S. sanctions on Iran. After settling the dispute with a $340 million payment, the bank’s share price has rebounded. Full story
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Temasek 'seeks to sell' Standard Chartered stake - AFP
