Temasek Holdings Buys More ICBC

Posted on 04/19/2012


Temasek Holdings, Singapore’s sovereign wealth fund said it was purchasing US$ 2.3 billion worth of Industrial and Commercial Bank of China’s (ICBC) shares from Goldman Sachs. The amount of shares to be sold is 3.55 billion Hong Kong-listed shares. Temasek Holdings is continually realigning its financial portfolio after announcing plans to sell Indonesian bank Danamon […]