Temasek takes stake in European malt producer

Paris

FRENCH cooperative Axereal said on Wednesday that Singapore's state investor, Temasek, and French farmer-controlled investment fund Unigrains had taken a stake in its Boortmalt unit, the world's fifth largest malt producer, through a capital increase.

French sugar group Tereos, a minority shareholder in the Belgian-based malt producer, also contributed to the capital increase which totalled 150 million euros (S$236 million), Axereal said in a statement.