Olam peeling away property assets of US onion and garlic processing plant
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC Q1 profit rises 5% to S$1.97 billion, beats estimates
Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
