Singapore’s Temasek buys 3.6% Bayer stake in $3.7b transaction

FILE PHOTO - A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su

German drugmaker Bayer is raising 3 billion euros ($3.7 billion) towards its planned $62.5 billion takeover of seed maker Monsanto by selling a 3.6 percent stake to Singapore’s state investment company Temasek.

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