Related News
Temasek acquires part of Olam
Source: Agencies |
June 2, 2009, Tuesday
|
Print Edition
Print Edition
SINGAPORE state investment company Temasek Holdings will buy a 13.76 percent stake in local agricultural commodities supplier Olam International, Olam said.
Temasek subsidiaries Breedens Investments and Aranda Investments will pay 437.5 million Singapore dollars (US$303 million) for 273.5 million new shares to become Olam's second-largest shareholder, Olam said yesterday.
Temasek suffered large losses last year after betting big on United States and European banks. Temasek sold a large stake in Merrill Lynch & Co after the brokerage was bought by Bank of America Corp in January.
"We are investing in Olam because it fits well with our investment theme of supporting emerging global champions," David Heng, Temasek's managing director for investments, said in the statement. Singapore's Ministry of Finance is Temasek's only shareholder.
The company owns large stakes in many of the country's biggest companies, including Singapore Telecommunications, DBS Group Holdings Ltd and Singapore Airlines.
Temasek subsidiaries Breedens Investments and Aranda Investments will pay 437.5 million Singapore dollars (US$303 million) for 273.5 million new shares to become Olam's second-largest shareholder, Olam said yesterday.
Temasek suffered large losses last year after betting big on United States and European banks. Temasek sold a large stake in Merrill Lynch & Co after the brokerage was bought by Bank of America Corp in January.
"We are investing in Olam because it fits well with our investment theme of supporting emerging global champions," David Heng, Temasek's managing director for investments, said in the statement. Singapore's Ministry of Finance is Temasek's only shareholder.
The company owns large stakes in many of the country's biggest companies, including Singapore Telecommunications, DBS Group Holdings Ltd and Singapore Airlines.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
