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By Yantoultra Ngui<\/p>\n
SINGAPORE (Reuters) -Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of valuations, a senior executive told Reuters on Thursday.<\/p>\n
A trade war, that followed U.S. President Donald Trump’s “Liberation Day” on April 2, had led to volatility in global markets and prompted some investors to focus more on European assets.<\/p>\n
Temasek, which invested more than S$10 billion ($7.8 billion) in Europe in the year ended March 2025, sees this macroeconomic environment as an opportunity to look at more companies in the region, executives told Reuters on Thursday.<\/p>\n
“Sometimes the macro helps us go into companies that we have liked, that were not within our reach from a valuation perspective,” Nagi Hamiyeh, Temasek’s head of Europe, the Middle East and Africa, told Reuters in an interview.<\/p>\n
“On top of it when you look at Europe, there is still a big gap in terms of valuation or valuation arbitrage in Europe and the U.S., so that makes us even more confident about what we can achieve in Europe,” he added.<\/p>\n
Temasek reported an 11.6% year-on-year jump in its net portfolio value on Wednesday to a record S$434 billion at the end of its financial year on March 31.<\/p>\n
The S$10 billion investment in Europe made over the last financial year represents about 40% of the up to S$25 billion investment it said last year that it planned to make in Europe over five years.<\/p>\n
These investments included French renewable energy group Neoen and Ireland-based video game technology services company Keywords Studios.<\/p>\n
Looking ahead, Temasek is seeking investment opportunities in European companies that are global, as well as family-run businesses with strong franchises in sectors such as industrials, renewable energy, financial services and consumer goods, Hamiyeh said.<\/p>\n
Temasek sees potential to increase its exposure in markets such as France, Italy, Germany and Scandinavia, he added.<\/p>\n
($1 = 1.2791 Singapore dollars)<\/p>\n
(Reporting by Yantoultra Ngui. Editing by Jane Merriman)<\/p>\n","protected":false},"excerpt":{"rendered":"(Refiles to fix formatting of alerts) By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s state investor Temasek sees growing investment…\n","protected":false},"author":3,"featured_media":54800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,69,79,440,40529,10291,268,40528,67,132,68],"class_list":{"0":"post-54799","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economy","11":"tag-europe","12":"tag-european-companies","13":"tag-global-markets","14":"tag-investment","15":"tag-temasek","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114830400749643363","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/54799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=54799"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/54799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/54800"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=54799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=54799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=54799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}