(Bloomberg) 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. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot
According to Nagi Hamiyeh, head of Europe, the Middle East and Africa, the firm seeks to make net investments of as much as S$25 billion ($18 billion) across Europe over the next five years. The targeted investment increase which could vary depending on opportunities and external events would represent a substantial boost in European assets held by Temasek, which had €32 billion ($34 billion) in exposure to the region as of March 2023.