Singapore investment fund Temasekhas sounded out possible buyers for its £6bn stake in Standard Chartered, potentially reigniting talk of a takeover of the emerging markets bank.
The fund, which is owned by the Singapore government, has been judging buyer interest for its 18 per cent shareholding in recent months, said people close to the situation.
Bankers said earlier momentum for a sale fell last month as StanChart’s shares dropped more than 20 per cent on the day it was accused by a US regulator of breaching sanctions on Iran. After settling the dispute with a $340m payment, the share price rebounded.
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