The company has engaged into a new deal taking thirty percent of Danish engineering company Haldor Topsoe A/S. The transaction has been roughly valued at over $1.5 billion U.S. Dollars.
Analysts from Yamanashi Kyoto Management had suggested that part of the deal was orchestrated to subscribe to its second class of shares which are issued by the Topsoe family who wholly own the company.
Haldor Topsoe is a leading industrial catalyst producer, the company currently employ around two thousand employees and have reached revenue hights at $760 million U.S. Dollars as of 2017.
“There has been a lot of interest generated in the partial acquisition of Haldor Topsoe, which gained a global audience bidding for the company” noted Colin McDermott, a corporate trader at Yamanashi Kyoto Management.
The management team behind the Danish firm were looking to seek further financial support to accelerate its growth in the long-term future.
For the past year ending in March 2018, Temasek had reported company record highs in its annual portfolio value.
