(Mar 13): Singapore state investor Temasek Holdings agreed to buy about 30% of Denmark's Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around US$1.5 billion ($2 billion).
As part of the deal, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holding A/S, said a person with direct knowledge of the deal.
Haldor Topsoe, which confirmed the deal but did not disclose a price, said Temasek's global reach and connections in Asia and other emerging markets would bring value to the company.
