Wilmar says 'no assurance' that media reports of Adani Wilmar listing will happen

AGRIBUSINESS group Wilmar International on Monday said, in reference to recent media reports on the proposed listing of its 50 per cent owned Indian joint venture (JV) Adani Wilmar, that it "regularly evaluates all opportunities across its various businesses with the objective of enhancing shareholder value".

"This may involve discussions with various parties and stakeholders at different points in time. There is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached or that the proposed listing will proceed," it said.

The Edge on Monday cited CGS-CIMB Research saying that the brokerage was positive on Adani Wilmar's planned listing, as this will allow Wilmar to unlock value for shareholders should it decide to sell down some of its existing stake in the JV and reward investors with special dividends.