Temasek Holdings Pte disclosed that it made S$30 billion ($22 billion) in new investments in the 12 months through March, matching the previous year’s pace, while divesting of a record S$28 billion as it re-balances its portfolio. Here are some of the investments made by Singapore’s state firm during the period:
*Increased position in U.S. logistics sector: $450 million investment in Univar Inc., a distributor of commodity and specialty chemicals.
*Added to biotechnology: investments in Alexion Pharmaceuticals Inc. and Regeneron Pharmaceuticals Inc., companies that develop transformative treatments for serious diseases.
*In China, which accounts for the largest share of investments in Asia, invested in Zhongce Rubber Group Co., a domestic tire manufacturer; Cainiao Network Technology Co., a data and technology-based logistics platform focused on e-commerce; increased stake in Industrial and Commercial Bank of China; invested in Postal Savings Bank of China Co., a provider of financial services to rural, small-to-medium enterprises, and to retail banking segments.
*In South Korea, invested in Homeplus Co., a domestic hypermarket operator with 140 stores.
*In India, invested in Glenmark Pharmaceuticals Ltd., a global manufacturer and distributor of branded and generic pharmaceuticals; ICICI Prudential Life Insurance Co., a life insurance company; and CarTrade, an online auto classifieds company.
*In Europe, invested CHF600 million in Switzerland-based international airport retail operator, Dufry AG, to help finance its merger with World Duty Free to create one of the largest travel retailers worldwide. Also acquired a stake in Blue Fin Building, a Grade A property located in South Bank, London.
*Among financial services, expanded further into non-banking sub-sectors including an investment in PayPal Holdings Inc., a digital payment service provider operating in more than 200 markets worldwide; invested in smaller but fast-growing technology-enabled companies, such as SoFi and C2FO in the U.S., Funding Circle in the U.K., and BillDesk and Policy Bazaar in India.
*In investment brokerage, invested about HK$2 billion in CITIC Securities, a full-service securities firm in China.
*Technology/sharing economy investments include Airbnb Inc., a global marketplace for travel accommodation in 190 countries worldwide; and increased investment in Didi Chuxing, a Chinese transportation network company; Meituan-Dianping, an online-to-offline local service platform in China.
*In October 2015, committed to funding Dell Inc. ’s merger with EMC Corp.
*Among life sciences and agriculture companies, invested in WuXi PharmaTech, a global provider of laboratory and manufacturing services to biopharma and medical device companies; Alvogen Pharma US Inc., an international generics pharmaceuticals company; increased stake in COFCO International Ltd., a holding company which owns the controlling stakes in international supply chain managers Nidera and Noble Agri, in conjunction with its buyout of the remaining Noble Agri minority stake.