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Olam Food Ingredients (OFI)
Funds
Olam Food Ingredients secures inaugural sustainability-linked loan of US$1.98 bil
The facility comprises a two- and three-year revolving credit facility (RCF) and a three-year term loan.
August 30, 2022
Results
Olam's 1HFY2022 earnings marginally up by 1.8% to $429.1 mil as it continues reorganisation plan
Olam is cautiously optimistic about its prospects for the rest of 2022.
August 12, 2022
M&A
Olam Food Ingredients to acquire Canada's Club Coffee for $161.7 mil
The acquisition is expected to be accretive to ofi’s current year earnings.
April 26, 2022
IPO
Olam Agri IPO can only be launched after the next two years, says Olam CEO Sunny Verghese
This follows an earlier announcement that SALIC is acquiring a 35.4% substantial minority stake in Olam Agri for US$1.24 bil.
March 25, 2022
Russia-Ukraine crisis
Olam Food Ingredients postpones IPO planned for 2Q this year
One of them includes Sunny Verghese, group CEO of Olam Group.
March 24, 2022
Broker's Calls
Olam's OFI IPO to unlock huge shareholder value: UOB KH
The IPO of OFI is expected to be valued at around $8 billion to $14 billion.
March 18, 2022
Company in the news
Olam well positioned to benefit from diversified supply chain operations amid Ukraine and Russia conflict
Russia and Ukraine account for only 1% of Olam's sales volume, 0.8% of its sales revenues and 0.4% of its invested capital.
February 28, 2022
Results
Olam International back to black with earnings of $264.9 mil in 2HFY2021; declares second interim dividend of 4.5 cents
OFI will also aim to list in 2Q2022, with a concurrent primary listing in London and a secondary listing in Singapore.
February 28, 2022
IPO
Credit Suisse may lose lead role on Olam Food's London IPO
The bank was dropped from the roster of lead banks after turning down a loan request, according to sources.
September 13, 2021
New appointments
Former Unilever CEO and chair appointed as chair of Olam Food Ingredients
Niall FitzGerald has been appointed as chair of OFI effective Sept 9.
September 09, 2021