Temasek Boosts Olam Stake to 19%, Says Attractive Long Term
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Temasek Holdings Pte, Singapore’s state-owned investment company, boosted its stake in Olam International Ltd. by another percentage point in the past week after saying the commodity trader is an attractive long-term investment.
Two units controlled by Temasek bought around 24 million shares between Dec. 20 and today, lifting its deemed interest to 19 percent from 18 percent, according to an Olam filing. One purchase of 100,000 shares was made on the market today, the filing said.