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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek raises stake in Olam

Posted on 02 January 2013

Investment giant Temasek Holdings has continued to buy more shares in Olam International, offering further support to the commodity trader under attack from United States-based-short seller Muddy Waters.
Two units controlled by Temasek bought about 24 million shares, lifting its stake to 19 per cent from 18 per cent, according to Olam’s regulatory filing with the Singapore Exchange. Temasek spokesman Stephen Forshaw said: “In our judgment, (Olam) represents a reasonable attractive investment over the long term.”……………………………………….Full Article: Source


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