An agreement was signed on Tuesday, March 12, between Singapore’s Temasek and Danish engineering firm Haldor Topsøe Holding A/S, for Temasek to buy 30 percent of the shares of the company. The agreement is set to be finalized later in the year.The company’s chairman made aAccording to Jakob Haldor Topsøe, Chairman of the Board of Directors, Haldor Topsøe Holding A/S, “We are extremely pleased to welcome Temasek as our new minority shareholder in Haldor Topsøe.
Temasek and Haldor Topsoe employed the services of financial and legal advisors in arranging for the agreement. On Temasek’s side, Plesner acted as its legal advisor, while Nomura functioned as the company’s exclusive financial advisor. The Danish engineering firm is one of the best industrial catalyst producers around the globe, employing 2,300 people. Its revenues for 2017 reached around $760 million .. He added that the government-owned holding company had been shortlisted for deals with Haldor Topsoe, who started shopping around for a financial minority investor in 2018 in order to accelerate the company’s growth.Temasek’s annual portfolio value was at a record high for the year ending in March 2018.
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