Temasek has hired Goldman Sachs to sell 40% of their stake in Jemena, an Australian energy company.

In a move to potentially divest from its stake in Australian gas and electricity distributor Jemena, Singapore Power has enlisted the help of investment bank Goldman Sachs. According to reports, Temasek, the Singapore government-owned investment company, is seeking a buyer for its 40% stake in Jemena. This decision comes as Temasek looks to streamline its portfolio and reallocate its resources. Jemena, which operates in the Australian energy market, is a significant player in the distribution of natural gas and electricity across the country. With Temasek’s decision to explore the sale of its stake, the market awaits potential buyers who may be interested in investing in this crucial sector.
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