Temasek eyes rich family businesses in Europe

The firm seeks to make net investments of as much as S$25bil across Europe over the next five years. — Bloomberg

SINGAPORE: 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$25bil (US$18bil) across Europe over the next five years, said Nagi Hamiyeh, head of Europe, the Middle East and Africa (EMEA).