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Olam to inject US$500 million into ofi, liquidate remaining assets over time

The investment, funded by internal resources, is aimed at positioning Olam Food Ingredients to pursue profitable growth

Mia Pei
Therese Soh
Published Mon, Apr 14, 2025 · 09:08 AM — Updated Mon, Apr 14, 2025 · 08:53 PM
    • Olam will continue pivoting ofi towards value-added ingredients and the food-solutions business from global commodity sourcing as its priority of the value-creation plan for the unit, CEO Sunny Verghese says.
    • Olam will continue pivoting ofi towards value-added ingredients and the food-solutions business from global commodity sourcing as its priority of the value-creation plan for the unit, CEO Sunny Verghese says. PHOTO: BLOOMBERG

    [SINGAPORE] Olam Group will invest US$500 million equity into Olam Food Ingredients (ofi) within the next three months, while de-leveraging the remaining Olam group for progressive liquidation, as part of its reorganisation plan amid the disposal of Olam Agri.

    The US$500 million investment, funded by internal resources, is aimed to “position ofi to pursue profitable growth” so that Olam can resume the delayed ofi initial public offering (IPO) plans in both Europe and Singapore, said Olam’s chief executive officer Sunny Verghese in a press conference on Monday (Apr 14).

    The agri-business giant, which announced the divestment plan of one of the two profit-making units – Olam Agri – in February, is also open to private routes to unlock value from ofi.

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