Olam secures US$375m credit facility from European lenders

SINGAPORE – Olam International has secured a revolving credit facility aggregating US$375 million from several European lenders. The Facility has a 364-day tenor with an option to extend for a further 364 days and is […]

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds […]

Olam achieves sustainability certification for oil palm plantation in Gabon

GABON – Olam International, a multinational food and agri-business company, has achieved Roundtable on Sustainable Palm Oil (RSPO) certification for its Mouila Lot 3 palm plantation in Gabon.  RSPO, an organisation consisting of players in the […]

Olam secures US$350m credit facility to support digital transformation

SINGAPORE – Olam International, through its wholly owned subsidiary, Olam Treasury Pte Ltd (“OTPL”) has secured a US$350 million three-year credit facility to support efforts towards achieving digital transformation. Said to be the world’s first […]

Olam strengthens cocoa traceability with commitment to end deforestation in supply chain

SINGAPORE – Olam International has announced that it has achieved 100% traceability of its sustainable cocoa supply chain in Ghana and Côte d’Ivoire and has committed to end deforestation in its entire global cocoa supply […]

Olam acquires Indonesia’s largest cocoa processor BT Cocoa for US$90m

INDONESIA – Agribusiness giant, Olam International has bought 85% stake in YTS Holdings Pte Limited, the parent company of Indonesia’s largest cocoa processor, BT Cocoa for a consideration of US$90 million. According to Olam, the […]

Olam unveils six-year strategy with US$1.6b worth of divestment in sugar, others

SINGAPORE – The agribusiness and chemicals firm, Olam International has said it plans to release US$1.6 billion cash from divesting some of its businesses including sugar, rubber, wood products and fertilizer as it looks to […]

Olam International earnings fall 14.2% as coffee and peanuts disappoint

SINGAPORE – Global International company, Olam International earnings declined 14.2% to US$15.05 million (S$20.7 million) in the third quarter on tough trading conditions in coffee, and lower performance from peanut business. During the period, revenue […]

Olam partners Canvass Analytics in artificial intelligence for sustainable agriculture

SINGAPORE – World’s leading agri-business company, Olam International has partnered Google-funded firm Canvass Analytics to utilize artificial intelligence for sustainable food and agricultural production. According to the company, the strategy seeks to find innovative and new […]