Temasek becomes Olam's second-largest shareholder

The Singapore investment firm invests $305 million to take a 13.8% stake in commodities trader Olam.

Singapore investment firm Temasek will invest S$437.5 million $305 million in Olam International, which will give it a 13.76% stake and make it the second-largest shareholder in the commodities trading firm.

Temasek will buy new shares in Singapore-headquartered Olam at a price of S$1.60 per share. The purchase price represents a 17.5% discount to Olam's S$1.94 close on Friday and a 17.4% discount to the weighted average price of trades done on that day. Olam said the negotiations it...

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