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Olam

Companies & Markets
HOT STOCK

Olam shares rise 8% following regulatory approval to divest partial stake of agribusiness unit

The company – which was co-founded by Singapore tycoon Sunny Verghese (above) – said in January that it had obtained approvals from all jurisdictions save for two.
Companies & Markets

Olam gets nod from final jurisdiction to divest 44.58% of Olam Agri to Saudis

The restructuring includes a transition of the group’s financial leadership and the appointment of new management to oversee its continuing businesses, ofi and the remaining Olam Group.
Companies & Markets

Olam chairman Lim Ah Doo, group CEO Sunny Verghese to step down in leadership reshuffle

Wipro’s consultants will use artificial intelligence tools to upgrade Olam’s technology across its entire supply chain.
Companies & Markets

Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million

Olam Group on Monday said it is selling its information technology and digital services unit, Mindsprint, to Wipro for US$375 million as part of a broader corporate reorganisation.
Companies & Markets

Stocks to watch: Olam Group, Geo Energy Resources

The facility entails a two-year 450 million euro revolving-credit tranche, and a three-year 650 million euro term-loan tranche.
Companies & Markets

Olam unit bags 1.1 billion euro dual-tranche loan facility

Olam Agri, which sells grains and seeds and makes everything from edible oils to pasta, is one of Olam Group's main units.
Energy & Commodities

Olam to guarantee US$100 million loan for Olam Agri until unit is sold

Olam's H2 revenue is up 15.2% on year at S$33.7 billion.
Companies & Markets

Olam H2 earnings jump 213.4% as continuing operations improve; final dividend withheld amid restructuring

Analysts say agri industry tailwinds should extend the strong momentum from H1, though policy risks and company specific-challenges cloud the outlook.
Companies & Markets

Firmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook

Olam says that it intends to complete the proposed disposal "as soon as practicable upon the receipt of all the approvals".
Companies & Markets

Olam advances 32.4% stake sale of port operator following key lender approvals

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