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SINGAPORE: Singapore's Temasek Holdings has declined to comment on reports that it is among a number of sovereign wealth funds in talks to buy stakes in an entity formed by the merger of British lenders Lloyds and HBOS.
Earlier reports quoted unnamed sources as saying Lloyds TSB Group might sell stakes in the merged entity to supplement its redemption of US$6.33 billion of preferred shares to restart dividend payments next year.
Other countries with sovereign funds said to be involved include Dubai, Kuwait and Brunei.
Temasek told Channel NewsAsia that it is not appropriate for it to comment on market speculation.
- CNA/ir
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