Temasek does not see merger of subsidiaries to sniff down deals
What's more important is to add value to these companies, says CEO Dilhan Pillay Sandrasegara
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TEMASEK Holdings has a sprawling number of subsidiaries, including investment vehicles and funds. But even as the investment opportunities are narrowing, while yield-hungry investors continue to prowl for deals, a consolidation of Temasek units to address this competitive environment is not entirely on the cards for now.
Speaking to the media on Tuesday at the launch of Temasek's annual review, Dilhan Pillay Sandrasegara, CEO of Temasek International, said that the state investor will not look to consolidate subsidiaries for "the purpose of trying to figure out if there's activity". On that strategy alone, "it doesn't really work out in the long run", he said, when asked about consolidation of these multiple subsidiaries.
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