Temasek exits stake in Facebook, Monsanto and Air Products & Chemicals

By VCPOST Staff Reporter

Nov 16, 2013 09:22 AM EST

Singaporean private equity firm Temasek Holdinngs exited its stakes in US-listed social networking company Facebook, agricultural biotechnology corporation Monsanto and industrial gas producer Air Products & Chemicals. 

The divestments, however, are not so much a change in Temasek's US-equities strategies than a matter of releasing gains from small investments, sources familiar with the matter told The Business Times. 

According to filings with the US Securities and Exchange Commission, Temasek sold 4.3 million shares of Facebook valued at USD107 million. The investment firm also sold 1.42 million shares of Monsanto and 1.25 million Air Products and Chemicals shares.

The Business Times said that Temasek remains focused on energy, healthcare and technology stocks in the US. It has established its New York office early this year. 

Temasek recently bought a 13% stake in American cloud service provider Jasper Wireless. Together with global investment firms Warburg Pincus, Kelso & Company and The Jordan Company, Temasek also invested an initial USD1.125 billion in oil company Venari Resorces, The Business Times said.

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