Brian Asher – MarketWatch, 07/05/2012
SAO PAULO–Temasek Holdings, Singapore’s sovereign-wealth fund, is increasing its exposure to Brazil and the rest of Latin America because of the region’s strong long-term growth prospects, the company said Thursday in a press release.
Temasek invested a total of 58 million reais ($28.6 million) in two Brazilian companies in the fiscal year ended March 31, the release said.
“Temasek continues to increase its exposure to Brazil and other growing economies in Latin America,” said Matheus Villares, director of investments in Brazil. “We continue with a positive perspective for Brazil’s growth potential and the potential of the region in the long term.”