Haldor Topsoe sells 3 percent stake Temasek

Haldor Topsoe to sell 30 percent stake to Temasek

6:54 AM, 14th March 2019
Haldor Topsoe logo

LYNGBY, DENMARK: Haldor Topsoe Holding A/S has signed an agreement to sell 30 percent of its shares to Temasek. Closing of the agreement is expected later this year.

Haldor Topsoe Holding A/S, which is 100 percent owned by the Topsoe family, will remain the long-term majority shareholder.

“We are extremely pleased to welcome Temasek as our new minority shareholder in Haldor Topsoe. As a commercial investor, Temasek’s capital will further enhance our considerable growth potential organically and through potential acquisitions. In addition, Temasek is an experienced investor with significant insights and networks in Asian growth markets, including China. We look forward to truly beginning our collaboration when the agreement closes,” said Jakob Haldor Topsoe, Chairman of the Board of Directors, Haldor Topsoe Holding A/S.

SEB (Skandinaviska Enskilda Banken) and Citi (Citigroup Inc) are acting as financial advisors and Kromann Reumert is acting as legal advisor to Haldor Topsoe Holding A/S and Haldor Topsoe A/S on the transaction.

Nomura is acting as exclusive financial advisor and Plesner is acting as legal advisor to Temasek.

© Worldofchemicals News

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