Singapore, 28 July 2016 – Temasek is pleased to announce an investment in Moncler, an Italian/French luxury company and leader in high-end outerwear and apparel, via the acquisition of an equity stake in a newly incorporated investment company from Ruffini Partecipazioni. This investment represents Temasek’s first significant investment in an Italian company.

Established in 1952 in Grenoble, France, Moncler operates in over 70 countries throughout Italy, EMEA, Asia and the Americas through a leading network of mono-brand stores and major exclusive luxury department and multi-brand stores.

Speaking on the acquisition, Temasek’s Head of Europe, Mr Tan Chong Lee, said:

“This investment represents Temasek’s largest commitment to an Italian company to date.  Italy is home to leading consumer and industrial businesses that have considerable export and international growth potential.”

Commenting specifically on the investment in Moncler, Temasek’s Senior Managing Director for Europe and Joint Head of Consumer, Mr Luigi Feola, added:

“We are pleased to gain exposure to Moncler, a company with a long standing legacy and whose products are regarded for their quality and innovation. We welcome the opportunity to work alongside our partner Remo Ruffini and to support Moncler in the long term as it continues its global expansion.”

Temasek sees opportunities in leading European companies that are looking to expand and diversify their export markets to growth economies in Asia, Africa and Latin America. This would include consumer companies, where there is strong appeal around their brands in markets such as China.

Temasek is an investment company, based in Singapore and investing over the long term around four key investment themes: 

• Growing middle income populations;
• Transforming economies;
• Deepening comparative advantages; and
• Emerging champions.

By investing in companies that cater to one or more of these themes, Temasek becomes a provider of capital that helps companies at various inflection points of growth to meet the challenges that align with Temasek’s investment themes.

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About Temasek

Incorporated in 1974, Temasek is an investment company based in Singapore, with a S$242 billion (US$180 billion; €158 billion; HK$1.40 trillion; £125 billion)* portfolio as at 31 March 2016.

Temasek's portfolio covers a broad spectrum of sectors: telecommunications, media & technology; financial services; transportation & industrials; consumer & real estate; life sciences & agriculture; energy & resources. Its investment themes reflect Temasek’s perspectives on long term trends: 

• Transforming Economies;
• Growing Middle Income Populations;
• Deepening Comparative Advantages; and
• Emerging Champions

Temasek’s compounded annualised Total Shareholder Return since inception in 1974 is 15% in Singapore dollar terms, or 17% in US dollar terms.

The company has had a corporate credit rating of AAA/Aaa since its inaugural credit rating in 2004, by rating agencies S&P Global Ratings and Moody’s Investors Service respectively.

Temasek has offices in Singapore and nine other cities around the world, including London covering Europe; New York, São Paulo and Mexico City in the Americas; Beijing and Shanghai in China; Mumbai and Chennai in India; and Hanoi in Vietnam.

For more information on Temasek, please visit www.temasek.com.sg

For the latest Temasek Review, please visit www.temasekreview.com.sg

* Exchange rates as at 31 March 2016

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For media queries, please contact:

Paul Ewing-Chow
Associate Director, Public Affairs
Temasek
Tel: +65 6828 6651
paulewingchow@temasek.com.sg