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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s Temasek to buy stake in Evonik

Posted on 11 March 2013

Singapore state investor Temasek Holdings will take a stake in Evonik Industries, two sources close to one of the German company’s owners told Reuters.
Temasek will spend more than €600m for 5% of the Essen-based chemicals company, which is preparing for a stock market share listing, the sources said on condition that they not be identified. German magazine Wirtschaftswoche reported on Saturday that Temasek and Evonik had agreed the sale………………………………………..Full Article: Source


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