I am Watching now...

Thursday, January 3, 2008

We buy banks...

The year in review.
First stop: England, "Singapore's state investor Temasek Holdings TEM.UL said on Monday it would pay 975 million pounds for a stake in Barclays representing 2.1 percent of the existing share capital.
Temasek said it would pay a further 1.5 billion pounds to increase its stake after Barclays' planned merger with ABN AMRO ."

Second stop : Switzerland, SINGAPORE government investment company that manages the city-state's foreign reserves said Monday, Dec 10, that it will own around 9 percent of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion; €6.65 billion; S$14billion) in the lender.

Third Stop: USA, Temasek, a Singapore state fund, is buying $4.4 billion of Merrill Lynch & Co Inc shares at $48 a share, according to a term sheet on the Merrill Lynch Web site.

Guess which is next? the buy goes on...

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