June 17 (Reuters) – Singapore-based investment firm Temasek Holdings (TEM.UL) will invest up to A$300 million ($198.4 million) in Australian exchange-traded fund manager Betashares, the company said on Monday.
The funding is expected to drive the expansion of Betashares’ offerings in Australia and overseas, it said in a statement.
With the investment, Temasek will hold an undisclosed minority stake in Betashares, joining its staff members and private equity firm TA Associates as shareholders, it added.
Source: REUTER
