Singapore SWF Buys Into Odebrecht

Singapore SWF Buys Into Odebrecht

Brazil Asia M&A

Brazil’s Odebrecht Oil and Gas (OOG) says Temasek, Singapore’s $133bn sovereign wealth fund, has invested $400m in the company. According to Odebrecht, the investment will allow Temasek to expand its footprint in LatAm, including Brazil, as well as Angola. The SWF will take a minority stake and Marcelo Odebrecht will remain chairman of the new company board. "There is a strong identity between the business cultures of Temasek and Odebrecht,” says Miguel Gradin, president of OOG. “This long-term

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