Olam shortlists six bourses for big IPO of food ingredients unit

Singapore

OLAM International has short-listed six rival exchanges including the Singapore Exchange, as a potential venue of choice for the mega listing of its giant food ingredients unit sometime in the second quarter of next year, said the firm's head honcho.

"We are keeping an open mind and doing a very careful assessment... (of) many competing venues. Singapore is definitely in contention but we are looking at a few others - at least half a dozen exchanges," Olam's co-founder and group chief executive Sunny Verghese told The Business Times in an interview.

He continued: "We are very clear about the criteria. We want to list in the best market that understands and can reflect the full value of OFI (Olam Food Ingredients)". Olam, which is majority owned by Temasek Holdings, expects to make up its mind on…

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