Temasek may take strategic stake in BP

Reuters Africa, 6 Jul 2010
Singapore wealth fund Temasek Holdings [TEM.UL] is expected to show the extent of its portfolio shift towards the resources sector and may provide clues about leadership changes when unveiling its annual report for 2009/10.
The world's eighth-largest and the city-state's second-biggest sovereign wealth fund, behind the Government of Singapore Investment Corp [GIC.UL], may respond to speculation that Singapore funds are in talks with BP Plc to take a strategic stake in the oil major as it struggles with a devastating oil leak in the Gulf of Mexico. Full Story

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