Global Capital Markets

Standard Chartered, the UK-listed bank, was mentioned in a market report in The Times as a potential bid target for Citigroup. The unattributed report mentioned talk of a bid approach at 2000p per share. Citigroup is a US-listed financial services company. A Daily Mail market report noted unattributed rumours that Temasek, the investment agency controlled by the Singapore government, might make a hostile offer for Standard Chartered. Temasek acquired an 11.55% stake in Standard Chartered slightly over a year ago. Standard Chartered shares closed 58p up at 1528p, giving the group a market capitalisation of GBP 21.16bn (EUR 31.17bn).
Source The Times (London), Daily Mail