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Sovereign Wealth Funds Briefing - Categorized | Financials

Temasek says comfortable with Olam’s credit, prospects

Posted on 26 April 2013

Singapore state investor Temasek Holdings Pte Ltd said on Thursday it was comfortable with Olam International Ltd’s credit position and its longer-term prospects.
The statement came after Olam, whose biggest shareholder is Temasek with 24 percent, announced a new strategic plan to halve its capital spending between 2014 and 2016, cut its stake in a urea plant in Gabon and reduce its debt levels………………………………………..Full Article: Source


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