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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek continues to throw its might behind Olam

Posted on 21 December 2012

Singapore’s state investment firm Temasek Holdings continues to back, a recent target of short-seller Carson Block and his research firm Muddy Waters. In two consecutive days of buying in the open market, Temasek has raised its stake in the commodities trader to 18% from 16%.
That comes after the state investor said earlier this month it would buy into a US$1.2 billion rights issue by the Singapore trader. Its support for Olam extended to a pledge to buy unsold bonds and warrants that will be issued as part of the rights issue………………………………………..Full Article: Source


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