Temasek International Pte Ltd

Temasek is a global investment company based in Singapore that manages a diversified portfolio.

Lobbying Activity

Meeting with Ilhan Kyuchyuk (Member of the European Parliament)

24 Sept 2025 · Omnibus & simplification tools

Meeting with Andreas Schwarz (Cabinet of Commissioner Ekaterina Zaharieva)

2 Sept 2025 · Exchange of views on financing scaleup companies in the EU and comparisons with other regions.

Meeting with Manuel Mateo Goyet (Acting Head of Unit Communications Networks, Content and Technology)

2 Jul 2025 · Temasek investments in data centres in the European Union

Meeting with Elena Arveras (Cabinet of Commissioner Maria Luís Albuquerque)

21 May 2025 · CSRD Omnibus scope

Meeting with Simonas Satunas (Cabinet of Commissioner Andrius Kubilius)

13 May 2025 · Meeting requested by Temasek to exchange about Commission’s defence industrial policy and present its investment strategy in the area of defence

Meeting with Vincent Hurkens (Cabinet of Executive Vice-President Stéphane Séjourné)

9 Apr 2025 · CSRD, CSDDD

Meeting with Anthony Whelan (Cabinet of President Ursula von der Leyen), Valeria Miceli (Cabinet of President Ursula von der Leyen)

9 Apr 2025 · Exchange of views on regulatory simplification & corporate sustainability reporting

Meeting with Alice Guedel (Cabinet of Commissioner Maria Luís Albuquerque), Cristina Dias (Cabinet of Commissioner Maria Luís Albuquerque)

9 Apr 2025 · Presented their company and sustainability objectives

Meeting with Anthony Whelan (Cabinet of President Ursula von der Leyen), Valeria Miceli (Cabinet of President Ursula von der Leyen)

9 Apr 2025 · to follow

Meeting with Sven Gentner (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

3 Apr 2025 · Reporting under the CSRD.

Meeting with Lucie Šestáková (Cabinet of Commissioner Jozef Síkela), Natividad Lorenzo (Cabinet of Commissioner Jozef Síkela) and

28 Mar 2025 · Global Gateway

Meeting with Benjamin Angel (Director Taxation and Customs Union)

19 Mar 2025 · 1. EU raising revenue (reduction of the tax gap, own resources) 2. Wealth taxation, and registers of beneficial ownership registers 3. 28th regime, BEFIT 4. International tax developments (P2) 5. EU competitiveness and simplification agenda.

Meeting with Michael McGrath (Commissioner) and

3 Mar 2025 · Exchange on the Omnibus Simplification package

Meeting with Margrethe Vestager (Executive Vice-President)

2 Sept 2024 · Exchange of views on the competitiveness of Europe.

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

2 Sept 2024 · CMU

Meeting with Pascal Canfin (Member of the European Parliament) and Hitachi Europe Ltd.

11 Jul 2024 · The future of the Green Deal

Meeting with Margrethe Vestager (Executive Vice-President)

3 Jul 2024 · Exchange of views on the competitiveness of Europe.

Meeting with Dragoş Tudorache (Member of the European Parliament) and Tata Consultancy Services Belgium NV/SA

15 Apr 2024 · Artificial Intelligence

Meeting with Dragoş Tudorache (Member of the European Parliament)

23 Nov 2023 · Digital

Temasek urges EU to slash foreign subsidy reporting burdens

3 Mar 2023
Message — Temasek requests limiting reporting to subsidies most likely to distort the internal market. They also propose narrowing the definition of notifying parties for investment fund portfolio companies.12
Why — The proposal would reduce administrative burdens and help firms avoid significant compliance challenges.34
Impact — The Commission would receive less data on financial contributions, potentially missing some market distortions.5

Meeting with Kim Jorgensen (Cabinet of Executive Vice-President Margrethe Vestager), Lucia Bonova (Cabinet of Executive Vice-President Margrethe Vestager)

12 Apr 2022 · Foreign Subsidies Regulation.

Response to New EU system for the avoidance of double taxation in the field of withholding taxes

25 Oct 2021

Temasek International Pte Ltd is grateful for this opportunity to respond to the three policy options outlined in the Commission’s Inception Impact Assessment. We provide our views in the attached letter and are happy to respond to any questions the Commission may have.
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Meeting with Leila Fernandez-Stembridge (Cabinet of High Representative Josep Borrell Fontelles)

2 Sept 2021 · Exchange views on InvestEU, NewGenerationEU, Green Deal, EU-US/EU-China relations, vaccines, inter alia

Meeting with Mirzha De Manuel (Cabinet of Executive Vice-President Valdis Dombrovskis)

2 Sept 2021 · NGEU, the RRF and the green and digital policy priorities and tools.

Response to Addressing distortions caused by foreign subsidies

20 Jul 2021

Under the EU State Aid regime, the administrative burden on notification falls on EU Member States. Under the Proposed Regulation, administrative burden of notification for concentrations falls on companies, creating new obligations that risk delaying merger and acquisition procedures and disincentivising investments in the EU. Some provisions and procedures in the Proposed Regulation raise questions about its concrete implementation, creating uncertainty in future large investment transactions and joint ventures, precisely at the time the EU Recovery and Resilience Facility is launched. Some of the definitions and procedures in the Proposed Regulation would benefit from closer alignment with the well-established EU state aid rules, practice and procedures. 1- Subsidy definition and financial contributions: capital injections and the principles of impartiality and equality To ensure that the EU State aid principles of impartiality and equality are being adhered to, the Proposed Regulation should expand the concept of conferral of benefit to financial contributions taking into account current Commission and CJEU interpretations and continuous practice. Financial contributions that do not confer a benefit should fall outside of the Proposed Regulation and should not trigger a mandatory notification requirement for concentrations. 2- Subsidy definition and conferral of benefit Article 2 of the Proposed Regulation defines the existence of foreign subsidy where a third country provides a financial contribution which confers a benefit. The subsequent paragraphs in Article 2 define the scope of a financial contribution while omitting any reference to “conferral of benefit”. Recital No 10 in the Proposed Regulation preamble provides some benchmarks on the determination of conferral of benefit. The Proposed Regulation would benefit from incorporating these benchmarks into Chapter 1 - General Provisions. “The investment practice of private investors” benchmark should make reference to circumstances that would be acceptable to a private investor operating under normal market economy conditions. 3- Capital injections in circumstances acceptable to a private investor operating under normal market economy conditions should be excluded from the subsidy definition, in line with EU State aid law and practice Commission Bulletin EC 9-1984 section 3.2. lists six circumstances where fresh capital is contributed in circumstances that would be acceptable to a private investor operating under normal market economy conditions, and hence does not constitute State aid. In line with EU State aid law and practice, prior notification of concentrations should only be required where there is a foreign subsidy thus excluding capital injections in circumstances equivalent to those in which private investors operate under normal market economy conditions. The Proposed Regulation should exempt from the mandatory notification requirement, concentrations that include only capital injections, when made under circumstances equivalent to those which private investors operate under normal market economy conditions. Notifications of concentrations that do not constitute State aid is an unnecessary burden that risks delaying concentrations with economic consequences. It also discriminates commercially oriented undertakings against the principles of equality and impartiality. Under the Proposed Regulation, the Commission retains the right to request information from the undertakings to examine whether the financial contribution involved constitutes a subsidy, or to request the prior notification of non-notifiable concentrations at any time. The thresholds for mergers, acquisitions and joint ventures should be aligned so that in all each case only the most impactful concentrations are caught. A company operating in the EU would be obliged to notify participation in a JV established in a third country even with a minority, no controlling stake.
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