You are here

Olam ready to deploy US$2b to take advantage of buyer's market

BT_20150922_OLAM22F48V_1889815.jpg
Mr Verghese revealed the acquisition plans less than a month after Mitsubishi Corp bought a 20 per cent stake in Olam for about US$1 billion.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes