Temasek Unit Gets Control of Olam With 80% at Takeover Bid Close
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A unit of Singapore’s state-owned investment company Temasek Holdings Pte. raised its stake in Olam International Ltd. to 80 percent, gaining control of the commodity trader.
Temasek’s Breedens Investments Pte and its related parties own or control 80 percent of Olam, they said late today in a statement to the Singapore stock exchange. Breedens on its own now has 49 percent of Olam’s share capital, according to the statement. Temasek held 24.6 percent of Olam through its unit Breedens and Aranda Investment Pte when it made the takeover bid, it said on March 14.