Temasek trims exposure to Sembcorp Marine

Temasek raises $261 million from the sale of its entire direct stake in the Singapore rig and shipbuilding company at a tight discount, prompting a sell-off in the stock.

<div style="text-align: left;"> Sembcorp designs and builds tankers, containers and oilrigs </div>

Anette Jönsson

March 07, 2012

Temasek has raised S$327.6 million ($261 million) from the sale of its entire direct stake in Singapore-based rig and shipbuilder Sembcorp Marine as it continues to reshuffle its extensive portfolio.

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