Singapore Temasek Buy Tender

Singapore state investor Temasek Holdings agreed to buy about 30 per cent of Denmarks Haldor Topsoe AS the companies said in a transaction that a source said values the engineering firm at around US1.5 billion.As part of the deal Temasek will subscribe to secondary shares issued by the Topsoe family which currently owns 100 per cent of the company through Haldor Topsoe Holding AS said a person with direct knowledge of the deal.Haldor Topsoe which confirmed the deal but did not disclose a price said Temaseks global reach and connections in Asia and other emerging markets would bring value to the company.Haldor Topsoe is one of the worlds leading industrial catalyst producers. It employs about 2300 people and logged revenue of about US760 million in 2017.