USA

Reuters first to report Olam looks to raise about $3 bln via food ingredients London IPO

Reuters first to report Olam looks to raise about $3 bln via food ingredients London IPO

Business & Finance

Reuters was first to report that Olam International is considering raising about 2 billion pounds through a London listing of its food ingredients unit next year, as the Singapore-based trading house seeks to boost its valuation and step-up acquisitions. The company, one of the world’s biggest agricultural commodity traders, is listing Olam Food Ingredients (OFI) as part of a business overhaul flagged last year to focus on the two core businesses of OFI and Olam Global Agri (OGA) after the sale of sugar, rubber and other portfolios.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: AsiaEurope

Countries: EnglandSingapore

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

Categories:
USA
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