Singtel

Singtel: Reuters has a article discussing the stake sale. The sale appears to be more symbolic than strategic with Temasek selling off its stake in Singtel repeatedly and currently still owns 52% of Singtel. This sale also brings to the forefront Temasek’s stake in Stanchart. These shares would be hard to offload and dripping the shares into the market would create an overhang that would depress the bank’s value. Likely buyers would be other banks but given that Basel III penalizes minority shareholdings in other financial institutions, it would only make sense if it served as a launchpad for a full takeover.