In January 2020, the company announced a restructuring to “unlock value” for shareholders. This involved organisational restructuring of its business units as well as divestments of businesses and assets. The company is now segmented into three units, mainly Olam Food Ingredients (ofi), Olam Agri and Rest of Olam Group (ROG).
Few companies are as enigmatic as food and agriculture platform Olam Group. Surviving a negative report from short-seller Muddy Waters, the company received a vote of confidence when Temasek made a voluntary general offer of $2.23 per share in 2014 which resulted in the sovereign wealth fund and concerted parties emerging with an 80% stake. Mitsubishi Corporation acquired around 20% of Olam at $2.75 per share in 2015 while Temasek pared its holdings to slightly above 50% by 2020.
Since August 2014, Olam’s share price has trended down from $2.60 to below 85 cents in recent times. Along the way, it was removed from the benchmark Straits Times Index, of which it was a constituent.
