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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek now tops Olam shareholders

Posted on 18 February 2013

It’s no surprise, really. That sums up the reaction of analysts to Temasek Holdings becoming the largest shareholder of Olam International. The sovereign investment firm last Friday added a further 0.01 per cent, or 150,000 shares, to its stake in the agricultural commodities trader, bringing its total stake in the firm to 21 per cent.
According to filings on the Singapore Exchange, the purchase was made through market transactions. Temasek paid $247,500, or $1.65 apiece.Olam’s founding firm Kewalram Singapore has now been pushed to second spot in the list of shareholders, with a 20.23 per cent stake, according to Bloomberg data………………………………………..Full Article: Source


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