Temasek has invested more than S$10 billion in Europe in year to March 2025 - executive says

Temasek has invested more than S$10 billion in Europe in year to March 2025 - executive says

Singapore's state investor, Temasek, has invested more than S$10 billion in Europe in the year to March 2025, according to a recent Reuters report [1]. This significant investment represents a strategic shift for the company, which sees growing opportunities in the European market.

Temasek's head of Europe, the Middle East, and Africa, Nagi Hamiyeh, attributed the increased investment to the macroeconomic environment. The trade tensions and subsequent market volatility have made certain European companies more attractive in terms of valuation. Hamiyeh noted that the macroeconomic factors have allowed Temasek to consider companies that were previously out of reach due to valuation concerns.

The investment includes notable acquisitions such as French renewable energy group Neoen and Ireland-based video game technology services company Keywords Studios. These investments reflect Temasek's focus on global and family-run businesses with strong franchises in sectors like industrials, renewable energy, financial services, and consumer goods.

Looking ahead, Temasek is eyeing markets such as France, Italy, Germany, and Scandinavia for further investment opportunities. The company aims to capitalize on the valuation gap between European and U.S. markets, which it believes presents a significant opportunity for growth.

Temasek's overall portfolio value has also seen a substantial increase. At the end of its financial year on March 31, 2025, the company reported an 11.6% year-on-year jump in its net portfolio value to a record S$434 billion.

This strategic move by Temasek underscores the potential of the European market and the company's confidence in the region's investment opportunities. As the global economic climate continues to evolve, Temasek's focus on Europe highlights a shift towards more diverse and potentially lucrative investment strategies.

References:
[1] https://www.livemint.com/companies/news/temasek-sees-more-opportunities-in-europe-after-investing-7-8-bln-in-region-last-year-11752154067605.html