Wilmar acquires remaining 50% stake in investment holding company from Olam for $195 mil

SINGAPORE (Mar 21): Wilmar International announced that its direct wholly-owned subsidiary, Wilmar Resources, has acquired a 50% equity interest in Nauvu Investments from Olam International for US$148 million ($194.9 million).

Of the total consideration of US$148 million, US$85.4 million comprises repayment of shareholder’s loan, which is subject to adjustments as provided in the sale and purchase agreement.

Nauvu is an investment holding company incorporated in Singapore that invests in integrated palm oil, natural rubber and sugar assets in Africa. It was formerly a 50:50 joint venture (JV) company between Wilmar and Olam.

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