Singapore state investment firm Temasek Holdings has opened a new office in Paris and plans to invest as much as S$25 billion (US$19.2 billion) in the Europe, Middle East and Africa or EMEA region.
The office is Temasek’s third in Europe after London and Brussels, and its 13th in the world, the company says in a statement on April 11.
Temasek plans to invest S$20 billion-S$25 billion in the EMEA region over the next five years, Singapore’s Business Times newspaper reported on the same day. A Temasek spokesperson confirmed the figures to Asia Asset Management.
According to Chief Executive Officer and Executive Director Dilhan Pillay, the new office underscores the importance of the region for the company, which is seeking to expand its global network and construct a “resilient and forward looking portfolio, with sustainability at the core of what we do”.
“Together with our London and Brussels offices, the Temasek ecosystem and the partnerships we have built, we stand ready to collectively catalyse solutions for the biggest challenges of our time,” he says in the statement.
Nagi Hamiyeh, Temasek’s head of EMEA, adds that the company’s investment strategy focuses on four key trends: digitalisation, sustainable living, future of consumption and longer lifespans.
“We recognise the excellence in Europe’s leading companies in sectors which come within these trends, such as sustainable solutions, pharma/biotech, consumer, financial services, technology and transportation and logistics,” he says. “We expect to deploy significant capital into globally leading companies as well as promising emerging enterprises in these areas.”
