Temasek Lost About $850 Million From Sale Of Barclays Stake -Sources
June 03 2009 - 7:27AM
Dow Jones News
Singapore's Temasek Holdings Pte. has sold its entire stake in
Barclays PLC (BCS), booking a loss of around $850 million from the
investment, people familiar with the situation said Wednesday.
Temasek sold the stake of about 2% mostly in December and
January, the people told Dow Jones Newswires.
The state-owned investment company had invested over GBP1
billion ($1.66 billion) in Barclays, starting in July 2007.
Both Temasek and Barclays declined to comment.
-By Costas Paris, Patricia Kowsmann and Marietta Cauchi, Dow
Jones Newswires; 65 6415 4157; patricia.kowsmann@dowjones.com