Olam ready to deploy US$2b to take advantage of buyer's market
Add BT as a preferred source
London
COMMODITY trader Olam International Ltd is ready to deploy almost US$2 billion on acquisitions to take advantage of slumping agricultural commodity prices.
"We are begging to enter a buyer's market," said Sunny Verghese, chief executive officer of Olam, which is 51 per cent held by Temasek Holdings Pte. "We will do bigger deals that really move the needle for us."
TRENDING NOW
Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools
Malaysia’s data centre pipeline beats its neighbours, but Singapore will retain premium status: JPMorgan
Singapore banks’ battle for wealth talent goes beyond private bankers
COE: Industry calls for closer look at commercial vehicle category as premiums hit new high
