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Temasek teams up with Brazilian investment company to invest up to US$700m in Brazil

Lim Hui Jie
Lim Hui Jie8/10/2022 01:31 PM GMT+08  • 2 min read
Temasek teams up with Brazilian investment company to invest up to US$700m in Brazil
Photo credit: Bloomberg
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Singapore state investment firm Temasek has formed a strategic partnership with Brazilian investment holding company, Votorantim, to explore new investment opportunities in growth capital in various sectors of the Brazilian economy.

In a joint release by Votorantim and Temasek, the two sides say this will be facilitated by an investment fund, with both sides committing to invest up to US$700 million ($964 million).

Votorantim is one of the largest investment holding companies in Latin America, holding stakes in businesses across various economic sectors, including building materials, financial services, renewable energy, metals & mining, real estate, infrastructure, and agriculture.

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