The Straits Times
Published on Dec 19, 2012

Temasek acquires Olam shares in open market


Temasek Holdings has raised its stake in commodity trader Olam International to 17 per cent.

The news sent Olam shares up 3 per cent to $1.515 in mid-day trading.

In a filing with the Singapore Exchange today, Temasek disclosed it bought 200,000 shares for S$293,000 on Tuesday through its investment vehicle Aranda Investments.

Olam shared climbed nearly 6 per cent yesterday after the company unveiled the timeline for its proposed rights issue.