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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek buys 23.9mln Olam shares, raises stake to 18 pct

Posted on 21 December 2012

Temasek Holdings has further raised its stake in commodities group Olam International to 18 per cent from 17 per cent. The Singapore investment firm bought 23.9 million Olam shares in the open market on Tuesday and Wednesday through its investment vehicle Aranda Investments, said Olam in a filing with the Singapore Exchange.
In an emailed comment, Temasek spokesman Stephen Forshaw said: “The company (Olam) represents a reasonably attractive investment over the long term and we are pleased to have the opportunity to add to our stake.”……………………………………….Full Article: Source


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