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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...

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