- Temasek, Singapore’s state-owned investment firm, has opened a new office in Paris.
- The company plans to invest $14-18 billion in the EMEA region over five years.
- Temasek has made notable investments in European companies and is a prolific investor in Asia.
Temasek, Singapore’s state-owned investment firm, has inaugurated its new office in Paris, marking its 13th location across nine countries.
The Paris branch complements Temasek’s existing European presence, which includes offices in London and Brussels, and aims to broaden its investment opportunities in Europe, the Middle East, and Africa (EMEA).
Significant investment plans for EMEA
A Temasek spokesperson revealed to The Straits Times that the company intends to invest between $14 billion and $18 billion in the EMEA region over the next five years.
Temasek’s investments in the region have grown fivefold since 2011, reaching $34.7 billion, or approximately 12% of its portfolio, as of March 2022.
Prominent investments and startup ventures
Temasek has made notable investments in European companies such as German biotech firm BioNTech and Dutch payments giant Adyen.
In Asia, the company is one of the most active investors, backing companies like Alibaba, Grab, and GoTo.
Temasek also boasts roughly 20 investment firms and a venture-building arm under its umbrella, and has launched 15 of its own startups since 2020.
To read the original article: https://www.techinasia.com/singapores-temasek-widens-european-reach-with-paris-office-launch
