Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated to the Singapore sovereign wealth fund.
Temasek bought 40.85 million shares in Ivanhoe, which is listed on the New York Stock Exchange, according to a filing dated June 7. Based on the company's closing price from the previous day, the holding...
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