SINCE it began its approach of greater engagement with its portfolio companies, Temasek has seen a value uplift “north of S$10 billion”.
Some of the corporate action that generated this uplift were:
Some of these moves have met with significant success. Sembcorp’s decision to shed its underperforming marine business, and to focus on the transition from brown to green energy, has created total returns of 69.6 per cent for shareholders (on an annualised basis since the announcement in June 2020).
“Success begets success,” said Nagi Hamiyeh, head of Temasek’s portfolio development group. “When other Temasek portfolio companies see that one is successful, everybody becomes keener to undertake…
