DENSO Corp. (DNZOY.PK) is in final negotiations to acquire a Temasek-backed seed supplier for approximately $500 million, as the Japanese automotive components manufacturer expands deeper into the agriculture sector, Bloomberg reported, citing sources familiar with the matter.
Singapore-based investment firm Temasek, which holds nearly half of Axia Vegetable Seeds Group, is expected to generate a profit from the sale, the report added.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.