Olam buys Nigeria's BUA assets for US$275m
They include wheat mills and pasta manufacturing facilities
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COMMODITIES trader Olam International is about to make some pasta. And it is going to do that in Nigeria, where it thinks the market will grow 8 per cent every year and where pasta imports are currently banned.
The group said on Monday that it has forked out US$275 million in total enterprise value to snap up the wheat milling and pasta manufacturing assets of Nigeria's BUA Group, a foods and infrastructure conglomerate.
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