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Olam Group
Offer
Olam Agri to acquire shares in Namoi Cotton at 66 Australian cents apiece
The offer will be increased to 70 Australian cents if Olam Agri obtains a relevant interest in at least 90% of shares in Namoi.
May 02, 2024
Islamic finance
Olam Agri secures inaugural US$625 mil Shariah-compliant financing facility
The commodity Murabaha facility has a diverse group of global investors including the UAE, Malaysia, Singapore and Hong Kong.
April 04, 2024
Company in the news
Ofi secures US$500 mil facility backed by Italian export credit agency SACE
This is Ofi's first export credit agency backed loan.
March 12, 2024
M&A
Olam Agri acquires Senegal’s Avisen for EUR17 mil
The acquisition is expected to be earnings accretive from 2024 onwards.
March 04, 2024
Results
Olam posts 15.5% growth in 2HFY2023 earnings to $230.8 mil, launches share buyback
The board has recommended a final dividend of 4 cents per share, taking the full year dividend to 7 cents per share.
February 28, 2024
Company in the news
No evidence that Olam Nigeria was involved in fraud allegations, says Olam
No charges were also brought against Olam Nigeria by the authorities after their investigations.
February 19, 2024
Insider moves
Olam shores up with buybacks; Union Steel insiders in the market
Olam's shares dropped further it confirmed it has posted bail for a director at its Nigerian subsidiary
September 13, 2023
Company in the news
Olam confirms paying bond to secure release of director (update)
According to the Daily Nigerian, the amount for the bond was $1 billion Nigerian dollars ($1.9 million).
September 13, 2023
Company in the news
Olam Group denies fraud allegations reported in African publications (update)
Olam Group said that it refutes all “baseless and inflammatory statements” made in the articles.
September 11, 2023
Company in the news
Olam Food Ingredients prices US$125 mil private placement in US
There were US$25 million worth of five-year floating rate notes and US$100 million worth of seven-year floating rate notes.
September 04, 2023