Singapore owns more of Australia than Australia
Interesting little analysis here about how asset hungry Temasek Holdings apparently now owns more of Australia's prized assets than even the Australian Government.Here's the extracted basis of comparison:
Residual operating assets held by the Australian Government:
- 17% stake in Telstra: $9.6 billion
- Australia Post: $5 billion
- Medibank Private: $1 billion
- Australian Submarine Corp: $200 million
- Total: $15.8 billion
Australian commercial assets controlled by the Singapore Government:
- Optus: $10 billion
- Alinta energy assets: $4.3 billion
- Victorian electricity transmission monopoly: $2 billion
- Old Texas Utilities Australian portfolio: $5.5 billion
- Property: $2 billion
- Australand stake: $1 billion
- Total: $22.8 billion
Technorati: Singapore, Australia, Temasek
posted by hew @ 5:47 pm
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