Temasek Holdings, a Singapore sovereign wealth fund, and Haldor Topsoe today signed an agreement under which Temasek will acquire a 30% stake in Haldor Topsoe. The latter announced in June that it is looking for a strategic equity partner. The transaction price was not disclosed but according to Reuters, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holdings A/S, valuing Topsoe at about $1.5 billion. Closing is expected later this year.
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