Singapore’s Temasek raises stake in Olam to 18 pc

Olam International said Singapore state investor Temasek Holdings bought 23.9 million shares in the commodity trader over the last two days, raising its stake to 18 per cent from 17 per cent.

Earlier this month, Olam got the full backing from Temasek, its second-biggest shareholder, for a complex US$1.2 billion bonds-with-warrants issue to battle short-seller Muddy Waters, which had launched a scathing attack on Olam’s accounting, debt and investment projects.

via Business feed http://www.scmp.com/business/companies/article/1109038/singapores-temasek-raises-stake-olam-18-pc