JAPAN’S Mitsubishi Corporation will take up a 20% stake in Singapore’s Olam International Ltd, an agri-business operator for S$1.53bil (RM4.6bil) or S$2.75 per share, making it the second-largest shareholder in the firm after the city-state’s sovereign wealth fund Temasek Holdings.
The partnership is based on a common view held by Olam and Mitsubishi Corp about the “long term attractiveness” of the food & agriculture sector, Olam said in a statement.
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