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Olam ready to deploy US$2b to take advantage of buyer's market

Mr Verghese revealed the acquisition plans less than a month after Mitsubishi Corp bought a 20 per cent stake in Olam for about US$1 billion.


COMMODITY trader Olam International Ltd is ready to deploy almost US$2 billion on acquisitions to take advantage of slumping agricultural commodity prices.

"We are begging to enter a buyer's market," said Sunny Verghese, chief executive officer of Olam, which is 51 per cent