Temasek Holdings buys 3.6% stake in Bayer for €3bn 19th April 2018
Singapore’s Temasek Holdings has acquired around 3.6% of Bayer stock for €3 billion, amounting to around 31 million shares. The proceeds from the sale will contribute to the financing of Bayer’s proposed acquisition of Monsanto.
On completion of the deal, together with its existing shareholdings in Bayer, Temasek will hold approximately 4% of the issued capital stock of Bayer. Bayer CEO Werner Baumann said in a statement that the deal affirms its business strategy, which includes the proposed Monsanto deal, as well as its strong growth prospects.
“We are very pleased that Temasek has significantly increased its holding in our company. Temasek takes equity positions in leading companies globally and is a long-term investor,” Baumann added.