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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek diversity bid leads to Olam stake

Posted on 02 June 2009

From WSJ: Singapore’s Temasek Holdings Pte. agreed to buy a stake in Olam International Ltd. for 437.5 million Singapore dollars (US$302.9 million) as the state-owned investment company diversifies toward commodity assets after losses in financial investments.

Olam, a Singapore agricultural commodities firm, said it will issue the new shares at S$1.60 each to Temasek’s wholly owned subsidiaries, Breedens Investments Pte. and Aranda Investments Pte. The new shares will give Temasek 13.76% of Olam. The issue price is 18% lower than Olam’s closing price of S$1.94 on May 29………Full Article (Subscription Required) : Source


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