Olam peeling away property assets of US onion and garlic processing plant
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Singapore
OLAM International is selling the real estate assets of its onion and garlic processing facility in California to Chicago-based investment management firm Mesirow Financial for some US$110.3 million, as part of its six-year strategic plan.
The mainboard-listed food and agri-business has also entered into a tiered revenue sharing arrangement with Mesirow, with whom it will share a part of the annual revenue from operating the assets for a period of 25 years.
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