Singapore - State fund raises stake in Olam to 19%
Thursday January 03 2013
Olam International Ltd., which has been battling short-seller Muddy Waters since November, said on December 28 that Singapore state investor Temasek Holdings had raised its stake in the commodities firm to 19% from 18%.
Temasek has been building up its stake in Olam since Muddy Waters launched a scathing attack on the company's accounting, debt and investment strategy on November 19.
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