Temasek raises stake in Merrill Lynch to 13.7 pct

Reuters, 30 Sep 2008, Elinor Comlay

NEW YORK (Reuters) - Singapore's Temasek Holdings [TEM.UL] has increased its stake in Merrill Lynch & Co Inc to 13.7 percent from 9.4 percent, according to a U.S. regulatory filing.

The sovereign wealth fund is Merrill's largest shareholder. Bloomberg News reported earlier this month that Temasek had been granted regulatory approval to increase its stake.

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