Temasek to Keep Element Materials, Olam Food Until Ripe for Sale

Temasek Holdings Pte will keep ownership of UK testing company Element Materials Technology for the time being after receiving offers that fell short of expectations.

The Singapore state investment company “got a few inbounds which we considered despite the fact that we were not, and we are not sellers because the thesis hasn’t played out in three years yet,” Nagi Hamiyeh, the head of Temasek for Europe, the Middle East and Africa, said in an interview in Paris this week. “Like everything in life, if somebody puts a price we can not refuse we’ll take it, but that hasn’t ...