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Olam International strikes 'transformational' deal to acquire ADM's global cocoa business for $1.3bn

2014-12-17 01:44:43| Food - Topix.net

ADM chairman and CEO Patricia Woertz said the deal would allow ADM to "redeploy capital to investments that offer improved returns potential and less volatility than the cocoa business, or distribute excess capital to shareholders, or a combination of both". Olam - a leading supplier of cocoa beans with a significant presence in all major cocoa growing regions except Brazil, processing facilities in Cote d'Ivoire and Nigeria, and value-added processing facilities in Spain and the UK - said the deal would catapult it into third place in the global cocoa business behind Barry Callebaut and Cargill, and create significant synergies.

Tags: business international global deal

 

Olam to acquire ADM's cocoa business for S$1.7b

2014-12-16 02:31:58| Food - Topix.net

The acquisition establishes Olam as one of the world's top three cocoa processors, the company said in a filing to the Singapore Exchange on Tuesday. SINGAPORE: Mainboard-listed agri-business giant Olam International said on Tuesday it will acquire the global cocoa business of Archer Daniels Midland for US$1.3 billion .

Tags: business acquire cocoa olam

 
 

Olam to acquire ADM's cocoa business for S$1.7b

2014-12-16 02:04:15| Agriculture - Topix.net

The acquisition establishes Olam as one of the world's top three cocoa processors, the company said in a filing to the Singapore Exchange on Tuesday. SINGAPORE: Mainboard-listed agri-business giant Olam International said on Tuesday it will acquire the global cocoa business of Archer Daniels Midland for US$1.3 billion .

Tags: business acquire cocoa olam

 

Olam set to acquire ADMs cocoa business for $1.3bn

2014-12-16 01:00:00| Food Processing Technology

Olam is to acquire the cocoa business of Archer Daniels Midland for $1.3bn, which would include fixed assets of $550m and working capital of $750m.

Tags: business set acquire cocoa

 

BT Confirms Negotiations to Acquire EE

2014-12-15 22:00:21| Telecom - Topix.net

BT confirmed exclusive negotiations to acquire EE from Deutsche Telekom and Orange. EE would provide BT with an advanced 4G network across the UK, accelerating its mobile strategy.

Tags: ee acquire negotiations confirms

 

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