Temasek Boosts Stake in Olam to 17% After Backing Bond Sale
This article is for subscribers only.
Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake yesterday in Olam International Ltd. after earlier this month saying it would back the commodity trader’s bond offering.
Temasek boosted its holdings from 16.3 percent to 17 percent, it said today in a statement on its website. Aranda Investments Pte, controlled by Temasek, bought 200,000 shares for S$293,000 ($240,361) yesterday, according to an Olam filing.