Temasek has not decided fate of stake in Merrill Lynch: report

AFP, 15 Sep 2008

SINGAPORE (AFP) — State-linked Singapore investment firm Temasek Holdings has not yet decided on what to do with its stake in Merrill Lynch, which is to be bought by Bank of America, sources said.

Temasek Holdings, which holds about 13 to 14 percent in the US investment bank was not available for comment but Dow Jones Newswires, citing unnamed sources, said the Singapore firm was holding a meeting to discuss the matter.

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