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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek to buy 14pc of Olam for US$303 mln

Posted on 01 June 2009

From Btimes.com.my: Temasek Holdings Pte will invest S$437.5 million (US$303 million) for a 13.76 per cent stake in Olam International Ltd, a Singapore-based agricultural commodities supplier.

Breedens Investments Pte and Aranda Investments Pte, two subsidiaries of the Singapore state-owned investment company, will buy 273.5 million new shares in Olam at S$1.60 apiece, the commodities supplier said in a statement to the city’s stock exchange. The price is 18 per cent lower than the May 29 closing price of S$1.94…….Full Article: Source


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