Olam secures US$525m funding to support its sustainability commitments

SINGAPORE — Olam International and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured a US$525 million revolving credit facility linked to meeting sustainability key performance indicators (KPI). The credit facility will support Olam’s […]

Olam International expands its board with three new appointments

SINGAPORE – Olam International has announced the appointment of three new Non-executive Directors to the Board, as it continues to strengthen its “board’s overall skills set and stewardship effectiveness.” The company has appointed Joerg Wolle […]

Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

Olam International revises acquisition of Dangote Flour Mills, offers US$331m

NIGERIA – Olam International Limited, multinational food and agribusiness company, has tabled a fresh US$331 million (N120bn) offer to take over Dangote Flour Mills (DFM) Plc, down from the US$361 million it had initially announced. […]

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 […]