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Region's conglomerates must stay competitive

They will need to become fitter, faster and in many cases slimmer, in order to continue to outdo businesses and conglomerates of the West.

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Olam made one of its biggest acquisitions in 2009 - the A$288 million purchase of 50 per cent of Australia's almond growing area - and has established itself as the No 2 global almond grower.

IN 2014 Bain & Company research discovered that conglomerates were thriving in South-east Asia, outperforming their counterparts in developed markets and consistently delivering higher shareholder value than companies in the region that focused on a single business. Since then, the business

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