Temasek Holdings (Private) Limited, an investment company based in Singapore, through an indirect wholly owned subsidiary invested into the Rights Offering of Dufry and subsequently further increased its stake in Dufry. Dufry's rights offering was conducted for the purpose of funding partially the acquisition of World Duty Free S.p.A.

Bär & Karrer acted as legal advisor to Temasek. The team included Thomas U. Reutter, Roland Truffer and Annette Weber.