Temasek agreed to purchase 30% of the shares in Haldor Topsoe, one of the world’s leading industrial catalyst producers. Closing of the agreement is expected later this year. Haldor Topsøe Holding, which is 100% owned by the Topsøe family, will remain the long-term majority shareholder. Financial terms were not disclosed, but it is rumoured to value the target at roughly $1.5bn. Haldor Topsoe selected Temasek in recognition of the value that the global investment company would add through its deep insights and connections in Asian growth and other emerging markets. “We are extremely pleased to welcome Temasek as our new minority shareholder in Haldor Topsøe. 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,” says Jakob Haldor Topsøe, Chairman of the Board of Directors, Haldor Topsøe Holding A/S.