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.