Amid Uncertainty, Temasek Seeks to List FTS International

Singapore’s Temasek Holdings looks to list Fort Worth, Texas-based FTS International, Inc. (formerly known as Frac-Tech Holdings), one of the largest hydraulic fracturing (fracking) companies in North America. The company was founded by Dan and Farris Wilks. The company eventually sold a majority interest in 2011 to an investor group led by Maju (Maju is a unit of Temasek Holdings), Senja Capital Ltd. (an investment company affiliated with RRJ Capital Limited), and Chesapeake Energy Corporation. There are also other smaller investors in FTS International such as the Korea Investment Corporation (KIC).

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