Temasek mulls stake in Markit

SINGAPORE’S sovereign wealth fund Temasek is set to take a stake worth around $500m (£320m) in Markit, the UK financial data provider.

The state-backed fund is now in advanced negotiations about acquiring the shareholding ahead of a US flotation of Markit, according to a Sky News report.

The percentage of Markit’s equity Temasek will acquire has not been disclosed. The deal is likely to value Markit at more than £3bn.

Last night Temasek and Markit did not comment.


In Other News

April 17, 2014, 1:02pm
April 17, 2014, 1:41am
April 16, 2014, 7:50am