By Alvin Foo

TEMASEK Holdings sold its stake in British banking giant Barclays in December and January, at an estimated loss of between £500 million (S$1.2 billion) and £600 million, sources have told The Straits Times.

News of the sale first broke yesterday with a Reuters report in London saying that the Singapore investment agency had lost up to £800 million on the sale of its holding of almost 2 per cent.

Temasek and Barclays both declined to comment when contacted by The Straits Times yesterday. A Temasek spokesman said: 'We don't comment on unsourced reports.'

For more The Straits Times stories, click here.