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Mitsubishi acquiring 20% of Olam for S$1.53b

Strategic partnership will see it paying Olam S$915m for a 12% stake and S$611m to Kewalram Chanrai Group for 8% stake

IMPORTANT MARKET: CEO Sunny Verghese (above) said the strategic partnership means that Olam will be able to gain market share for the products that it is selling or targeting to sell in Japan.


JAPAN's Mitsubishi Corp is taking a 20 per cent stake in Temasek-controlled Olam International in two separate deals totalling some S$1.53 billion, fuelling the consolidation trend in the otherwise moribund agri sector.

Under the first deal, the strategic partnership will