Temasek Buys More Shares in Pakistan's NIB Bank

Bloomberg, 2 Mar 2011Temasek Holdings Pte, the biggest shareholder of NIB Bank Ltd., bought more shares in the Pakistani lender as Singapore’s state-owned investment company increases holdings in Asia.Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange. The