ADM Boosts Stake in Asian Agribusiness Wilmar International
21 Ottobre 2015 - 2:12AM
Dow Jones News
By Gaurav Raghuvanshi
SINGAPORE--Wilmar International Ltd. (F34.SG) on Tuesday said
Archer Daniels Midland Co. (ADM) has raised its stake in the
Singapore-listed commodities supplier.
Archer Daniels Midland bought 22% of the total Wilmar shares
sold on Tuesday, and will separately announce details, Wilmar said
in response to a query from Singapore Exchange on unusual trading
volume in its shares.
Wilmar didn't say how many shares Archer Daniels Midland bought,
nor did it say how much of Wilmar it now owns. Wilmar's shares
closed 8.9% higher at S$3.17 on Tuesday.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
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