Temasek Holdings Pte

Temasek close to buying 20% in visa services provider VFS Global

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Temasek close to buying 20% in visa services provider VFS Global

Temasek Holdings Pte is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about $7 billion including debt. The Singapore state-owned investor is poised to acquire about 20% in closely held VFS, … Read more

Saudi Fund outpaces GIC with $31.6-billion splurge

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Saudi Fund outpaces GIC with .6-billion splurge

Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte slashed spending. PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than … Read more