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Temasek group has 80.4% Olam stake after offer closes

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Published Fri, May 23, 2014 · 10:00 PM

Singapore

TEMASEK Holdings' offer for Olam International closed yesterday with the Singapore investment company and its concert parties holding 80.4 per cent of Olam's issued shares, after acceptances.

With Olam now a Temasek unit, a tumultuous chapter closes for the agri-commodities trader, which has had trouble shaking off the shadow of shortseller Muddy Waters' attackin late 2012.

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