Singapore's Temasek says BP stake talk "speculation"

Alibaba.com, 8 Jul 2010
SINGAPORE, July 8 - Singapore state investor Temasek, whose energy and resources portfolio grew by $3.6 billion last year, on Thursday dismissed talk it had held discussions with BP Plc for a strategic stake.
Temasek's comment comes amid speculation the troubled British oil major is approaching several sovereign wealth funds for cash to ward off a takeover and help pay for the worst oil spill in U.S. history. BP boss Tony Hayward met an Abu Dhabi state investment fund on Wednesday. Full Story


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