On April 14, the group said it intends to allocate some US$2 billion ($2.63 billion) to de-lever its balance sheet and make the group’s capital structure debt-free and self-sustaining.
Olam Group has unveiled an updated re-organisation plan, where it aims to right-size its remaining capital structure, unlock the full potential value of Olam Food Ingredients (ofi) and divest and monetise its remaining assets and businesses over time.
The announcement comes after the group announced the proposed sale of its remaining 64.57% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (SALIC) in February.
