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Olam expands operations

2015-10-06 04:46:22| Agriculture - Topix.net

Olam Ghana Ltd has taken over operations of Archer Daniels Midland Ghana Ltd, a cocoa paste manufacturing company in Kumasi. The $1.3 billion deal, which will be concluded in October this year, adds to Olam's current cocoa purchasing and other businesses in the country.

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Food Trader Olam Eyes $2 Billion Opportunity After Crisis

2015-09-21 09:36:59| Food - Topix.net

"We are begging to enter a buyer's market," Sunny Verghese, chief executive officer of Olam, held 51 percent by Singapore's Temasek Holdings Pte, said in an interview. "We will do bigger deals that really move the needle for us."

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Food Trader Olam Eyes $2 Billion Opportunity for M&A From Crisis

2015-09-21 04:16:27| Grocery - Topix.net

Olam International Ltd., a commodity trader controlled by Singapore's state investment company, is ready to deploy almost $2 billion on acquisitions to take advantage of slumping agricultural commodity prices. "We are begging to enter a buyer's market," Sunny Verghese, chief executive officer of Olam, held 51 percent by Singapore's Temasek Holdings Pte, said in an interview.

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Olam to deploy $1.94bn for acquisitions

2015-09-21 01:00:00| Food Processing Technology

Singapore-based commodity trader Olam International plans to use S$2.72bn ($1.94) on acquisitions as it intends to benefit from the global slump of agricultural commodity prices.

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Mitsubishi acquires 20 per cent stake in Olam International

2015-08-28 12:52:00| Food - Topix.net

SINGAPORE: Japan's Mitsubishi Corp will acquire a 20 per cent stake in Singapore-listed Olam International in two separate deals worth a total of S$1.53 billion. In a statement on Friday , Olam said it will issue 332.7 million shares to Mitsubishi at S$2.75 apiece, or about 12 per cent of the company's enlarged share capital.

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