| Reuters July 23, 2007 Singapore SINGAPORE'S state-owned investor Temasek Holdings said on Monday, July 23, it will pay 975 million pounds (US$2 billion) for a stake in Barclays Plc. representing 2.1 percent of the British bank's share capital. Temasek and China Development Bank have agreed to invest 13.4 billion euros in Barclays, which raised its offer for ABN AMRO to 67.5 billion euros ($93 billion). Temasek's portfolio was worth S$129 billion (US$86 billion) at the end of March 2006 with 44 percent of its investments in Singapore, 34 percent in the rest of Asia, excluding Japan, and the rest elsewhere. Financial services companies make up the biggest chunk of its holdings, at 35 percent, followed by telecommunications and media investments, at 26 percent. Following is a list of some of Temasek's deals during the past year: * July 23, 2007 -- Temasek says it will pay 975 million pounds ($2 billion) for a stake in Barclays Plc representing 2.1 percent of the British bank's existing share capital. It will pay a further 1.5 billion pounds to increase its stake after Barclays' planned merger with ABN AMRO . * June 20 -- Temasek, which owns 7.4 percent of India's ICICI Bank , wants to raise its stake in the Indian lender by buying new shares in its $4.9 billion share offer, according to a source. * June 19 -- Temasek says it will sell all three of its Singapore power generation companies in the next 12-18 months. * May 25 -- Pakistan's NIB Bank Ltd. , a subsidiary of Temasek, says it will buy 70 percent of Pakistan's PICIC for $378 million. * March 22 -- Temasek puts its plan to sell some shares in Shin Corp on hold pending an investigation into whether the Singapore firm broke Thai foreign ownership laws, financial sources say. * March 1 -- Temasek bids as much as S$2.44 billion ($1.6 billion) for the 64.4 percent it does not already own in STATS ChipPAC Ltd, the world's No.4 microchip packager. * Dec. 15, 2006 -- Hong Kong's Henderson Land forms a 50/50 venture with Temasek to invest 5 billion yuan ($661 million) in a residential property project in China, the Shanghai Securities News reports. * Dec. 8 -- Fraser & Neave (F&N) , a Singapore conglomerate which brews beer, owns shopping malls, and prints magazines, sells 14.9 percent of the firm to Temasek for S$900 million ($596 million). * Dec. 6 -- Temasek is set to take a controlling stake in Pakistan Industrial Credit Investment Corp. (PICIC) in a deal valued at around US$300 million, through its 73-percent owned NIB Bank. * Nov. 96 -- Temasek sells its 5.9 percent stake in Chinese real estate firm Hopson Development Holdings for US$169 million, a person familiar with the deal says. * March 28 -- Temasek buys 152.4 million ordinary shares in Standard Chartered, equivalent to 11.55 percent in the London-based bank for an undisclosed sum. The deal, worth 2.3 billion pounds ($4.7 billion) at the time, makes Temasek the emerging markets bank's single-biggest shareholder. * March 21 -- Temasek sells a 4.7 percent stake in Singapore Telecommunications , Singapore's biggest firm by market value, for S$2 billion ($1.24 billion), cutting its controlling stake in Asia's fifth-largest telecoms group to 56.3 percent. * March 14 -- Temasek says it will receive a 15 percent stake in Taiwan's E. Sun Financial for $400 million via a convertible bond issued by E. Sun, marking the Singapore company's first investment in Taiwan's financial sector. * March 14 -- Temasek completes $3.8 billion takeover of Shin Corp. , Thailand's top telecoms firm, a controversial deal that helped fuel a political crisis in Bangkok. The deal, the country's biggest foreign buyout, is the result of the sale to Temasek in January of a controlling 49.6 percent stake in Shin by relatives of Thai Prime Minister Thaksin Shinawatra. The tax-free deal outraged Bangkok's middle classes, stoked a campaign to oust Thaksin and prompted accusations that potentially vital national assets, such as satellites and phone networks, were coming under foreign control. Thaksin was ousted by a military coup in September 2006. * Feb 25 -- Bank of China agrees to sell to Temasek just half of the 10 percent stake it originally sought. The deal will leave Temasek with a 5 percent stake in Bank of China for $1.5 billion. |
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