Temasek Holdings, an investment company owned by Singapore’s Government, has negotiated to buy about 30 percent of Haldor Topsøe, a Danish world’s leading company specialized in heterogeneous catalysis.
Haldor Topsøe affirmed the deal with Temasek and has signed the agreement on 12 March 2019 but did not disclose any information about the transaction price of the deal.
Under this agreement, Temasek agreed to receive secondary shares around 30 percent issued by the Topsøe family, a long-term majority shareholder that currently holds 100 percent of the company.
Haldor Topsøe’s press release revealed that Temasek was selected as its final shortlist because of Temasek’s global reach and connections in Asia which Haldor Topsøe believed can enhance the company growth potential in Asia market.
The accomplishment of Temasek last year can be seen through its record-high annual portfolio value and this year, Temasek expected to expand its market of investment to decrease the tension between the United States and China.
Jakob Haldor Topsøe, Chairman of the Board of Directors of Haldor Topsøe Holding A/S said “Temasek is an experienced investor with significant insights and networks in Asian growth markets, including China. We look forward to truly beginning our collaboration when the agreement closes.”