Bloomberg.com, 1 Jun 2009, Chen Shiyin
June 1 (Bloomberg) -- Temasek Holdings Pte. will invest S$437.5 million ($303 million) for a 13.76 percent 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 percent lower than the May 29 closing price of S$1.94.
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Related News:
Singapore's Temasek buys Olam stake for $303 mln - Reuters
Temasek to buy 14pc of Olam for S$437.5m - Business Times (Malaysia)
Singapore's Temasek to buy 13.76 pct stake in Olam - BusinessWeek
