SINGAPORE (Dow Jones)--Singapore's Temasek Holdings Pte. has sold its entire stake in Barclays PLC (BCS), booking a loss of around $850 million from the investment, people familiar with the situation said Wednesday.
Read more: http://online.wsj.com/article/BT-CO-20090603-705085.html
Q: Was it really for the reason: to be "in line with its plan to concentrate more on Asia"? Why sell after holding on to the stake for barley two years? What has happened to diversification and long term strategy? Why sell during the supposedly market bottom?
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