Temasek Lifts Olam Stake to 18% After Buying Shares a Second Day
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Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake in Olam International Ltd. for a second day after it said the commodity trader represents a “reasonably attractive” investment.
Aranda Investments Pte, controlled by Temasek, bought a total of 23.9 million shares from Dec. 18 to Dec. 19, increasing Temasek’s deemed interest to 18 percent from 17 percent, according to an Olam filing today.