Temasek Eyes Rich Family Businesses in $18 Billion Europe Push
- New EMEA chief plans to boost investment in coming years
- State investor sees ‘lot of potential’ in region, Hamiyeh says
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Temasek Holdings Pte plans to ramp up investment in Europe, undeterred by setbacks in a region that its new local chief expects will provide significant opportunities for the Singapore state investor.
The firm seeks to make net investments of as much as S$25 billion ($18 billion) across Europe over the next five years, said Nagi Hamiyeh, head of Europe, the Middle East and Africa. He is looking for partnerships with companies including those tied to some of the world’s wealthiest business families.