Temasek takes stake in European malt producer
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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.
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