Singapore state set to take control of commodities trader Olam

The Singapore government’s sovereign wealth fund, Temasek Holdings, is poised to gain more direct control of New Zealand agribusiness interests with its takeover of Olam International.

It also demonstrates the growing interest of state investment firms to build up a presence in the companies that have been increasingly feeding Asia’s fast-rising demand for agricultural commodities.

Olam is one of the world’s top commodities companies and is the third largest in coffee, cocoa and rice.

 

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