Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Singapore’s Temasek Said to Buy 10% of Markit for $500 Million

Don't Miss Out —
Follow us on:

May 22 (Bloomberg) -- Temasek Holdings Pte, Singapore’s state-owned investment company, bought a stake in Markit Group Ltd. for about $500 million, according to a person with knowledge of the matter.

Temasek’s investment was for a 10 percent stake in the company, the person said, declining to be identified as the terms of the deal were not public. Markit, which provides derivative and bond data and competes with Bloomberg News parent Bloomberg LP, said today that Temasek had made a “significant” equity investment in the company.

“The strength of their position and profile in Asia, an area where we see significant potential and opportunity, will help fuel our growth in the region,” Lance Uggla, chief executive officer of Markit, said in an e-mailed statement. Stephen Forshaw, a spokesman for Temasek, confirmed the company’s investment.

Reuters earlier reported the size of the investment.

To contact the reporter on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.