Sign up | Log in



Home  >>  Daily News  >>   Singapore News  >>  Capital Markets  >>  Singapore's Temasek acquires 14% stake in commodities firm

 2 June 2009

Singapore's Temasek acquires 14% stake in commodities firm

Related Stories

May 30, 2009
Singapore’s Temasek considers offloading stake in Chartered

May 29, 2009
Singapore minister blames fall in local shares for state firm’s loss

May 17, 2009
Singapore’s Temasek sheds stake in Bank of America

May 14, 2009
Singapore’s state firm acquires shares in China bank

May 12, 2009
Singapore invites bids for $340m defence deal

May 10, 2009
Singapore’s DBS buoyed by smaller drop in Q1 profit

Singapore-listed commodities firm Olam International said investment vehicle Temasek Holdings had paid S$437.5 million ($302 million) for a stake in it.

State-linked Temasek bought the 13.76 percent share via two of its wholly-owned subsidiaries, Breedens Investments and Aranda Investments, AFP quoted Olam as saying in a statement.

Temasek said acquiring the stake in Olam blended with its strategy of investing in promising companies.

"We are investing in Olam because it fits well with our investment theme of supporting emerging global champions," said David Heng, Temasek's managing director for investments.

"With a robust business model, Olam has the competitive edge to benefit from the long-term growth potential of the agricultural sector," he said.

The two Temasek units paid $1.60 per share for 273.46 million new ordinary shares issued by Olam International, the statement said.

Olam International is based in Singapore and buys its agricultural supplies, such as rice and cocoa, from producing countries before selling them on to more than 4,000 customers in over 60 markets.

Temasek, one of two Singapore state investment vehicles, has a diversified portfolio worth 185 billion dollars in March comprising stakes in local and international companies.

It holds stakes in leading firms such as Singapore Airlines while globally, it has stakes in Standard Chartered Bank and China Construction Bank.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand