Olam in A$200m sale and leaseback deal of its almond orchards

IN its second sale and leaseback transaction, Olam International is selling nearly 12,000 hectares of almond orchards in Victoria, Australia for A$200 million (S$232 million) in cash, and reaping a post-tax capital gain of about A$45 million in the process.

It will lease back the orchard land and trees, and related farming and irrigation infrastructure, for 18 years…