Temasek to Own Company That Handles 12.5% of Cocoa Destined for Chocolate Bars

On March 14, Breedens Investments Pte. Ltd., a sovereign wealth enterprise of Singapore’s Temasek Holdings, made a conditional cash offer for Olam International Limited, a publicly-traded commodities trading firm. The buyer is looking to put up S$5.3 billion (US$ 4.19 billion) to acquire the remaining interests in Olam including outstanding bonds and warrants. The firm trades in a number of commodities which include, cashew nuts, cocoa, coffee, cotton and rice. 1 out of 8 chocolate bars consumed globally are made from cocoa beans handled by Olam.

Olam appeared to be an ideal portfolio company for Temasek Holdings. The agricultural trader was tied into emerging markets and commodities. Olam eventually moved its headquarters to Singapore from London.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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