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