Temasek picks up over 20% stake Univar for $500m

Singapore state-owned fund Temasek Holdings Pte will invest up to $500 million in North America’s largest chemicals distributor Univar Inc, a report said, while adding that the deal values the US-based company at $6 billion.

According to Reuters, Temasek will pick up more than 20 per cent stake in Univar. The report added that the Singapore fund, in its filing with the US Federal Trade Commission, had already revealed that it would invest in the chemicals distributor, without divulging additional details.

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