New major shareholder, but no change in strategy: Olam

Singapore

EVEN with a new major shareholder in Temasek Holdings, Olam International will remain focused on its strategy of generating free cash flow more quickly and optimising its balance sheet.

"I believe that all our shareholders believe we're heading in the right direction, and are patient for us to execute our strategy," said its chief executive, Sunny Verghese, when asked what expectations Temasek might have of the firm.

He added: "We don't take s…