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.

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