S’pore Olam plans to list food unit


SINGAPORE: Commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said it plans to list its food ingredients segment by the first half of next year.

The carve-out and separation of Olam Food Ingredients (OFI), which includes its cocoa, coffee and edible nuts businesses, and Olam Global Agri (OGA), which includes grains and animal feed, edible oils, rice and cotton, is estimated to be completed by the end of 2021.

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