Reuters first to report Olam looks to raise about $3 bln via food ingredients London IPO - Reuters News Agency
Business & Finance

Reuters first to report Olam looks to raise about $3 bln via food ingredients London IPO

Reuters was first to report that Olam International is considering raising about 2 billion pounds through a London listing of its food ingredients unit next year, as the Singapore-based trading house seeks to boost its valuation and step-up acquisitions. The company, one of the world’s biggest agricultural commodity traders, is listing Olam Food Ingredients (OFI) as part of a business overhaul flagged last year to focus on the two core businesses of OFI and Olam Global Agri (OGA) after the sale of sugar, rubber and other portfolios.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: EquitiesFood & Beverage
Regions: AsiaEurope
Countries: EnglandSingapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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