Singapore SWF Temasek to Buy 3.6% of Bayer for $3.6 Billion

Singapore SWF Temasek to Buy 3.6% of Bayer for $3.6 Billion

The Sovereign Wealth Fund of Singapore Temasek Holdings with $208 billion managed assets, has agreed to buy 3.6% of German life science company Bayer for $3.6 Billion (Euro 3 Billion).  The German company is currently preparing the final stages of their $66 billion acquisition of leading global seed producer Monsanto.  Temasek will subscribe to 31 million new shares (3.6%) of Bayer, giving it about 4% shareholding, including existing shares.

” Singapore SWF Temasek to Buy 3.6% of Bayer for $3.6 Billion “

Bayer is a global life science enterprise in the field of health care and agriculture, employing almost 100,00 people worldwide and generating Euro 35 billion in sales in 2017.  In recent years, there has been major consolidations in the industry with the $130 billion merger of Dow Chemical Co. and DuPont Co, and China National Chemical Corporation (ChemChina) $43 billion acquisition of Syngenta AG.

Source: Bayer, Bloomberg, Reuters

 

Video:

 

Video:

 

 

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2017, the Group employed around 99,800 people and had sales of 35.0 billion euros. Capital expenditures amounted to 2.4 billion euros, R&D expenses to 4.5 billion euros.

Visit: Bayer.com

 

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

New Diamond Exchange is Now Open for Business

New Diamond Exchange is Now Open for Business

 The Singapore Diamond Investment Exchange is now open for business. The exchange is backed by several investors including Jim Rogers, chairman of Rogers Holdings, and Hsieh Fu Hua, chairman of United Overseas Bank Ltd., a former head of Singapore Exchange Ltd. and a former president of Temasek.

“Investors can now trade single stones as well as so called baskets of investment grade diamonds electronically for physical settlement”

~ Singapore Diamond Investment Exchange

Investors can now trade single stones as well as so called baskets of investment grade diamonds electronically for physical settlement, the Singapore Diamond Investment Exchange said in a statement. At first, the exchange aims to support spot trading, followed by plans for derivatives and exchange traded products.

Related Reports: Bloomberg, South China Morning Post

 

About Singapore Diamond Investment Exchange 

Singapore Diamond Investment Exchange (SDiX), headquartered in Singapore, is the world’s first commodity exchange in physically settled diamonds. The Exchange platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade. By bringing commodity exchange technology to the diamond market, SDiX is creating a true price discovery mechanism with increased liquidity, allowing diamonds to be traded as a commodity.

Visit: Singapore Diamond Investment Exchange


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency