OFI is one of three of Olam’s operating groups which follows a transformational reorganisation plan to split the company into three distinct and coherent groups in January 2020. The other two operating groups are its food, feed and fibre operating arm Olam Agri and an umbrella category of “remaining business”. This consists of its venture incubator Olam Ventures, shared services provider Olam Technology and Business Services, and a holding company of its “deprioritised” and gestating assets Olam Global Holdco.
Agri-food giant Olam Group’s value-added ingredients business, Olam Food Ingredients (OFI), is waiting for stability in the market and fair valuation before it can proceed with its plans to list on the London Stock Exchange, says its CEO A. Shekhar.
He also claims that OFI is a strong ebitda generating company that is not facing any financial pressure to list. “We are well prepared for an IPO at any point in time. For us, the capital market transaction is an important way to create a channel of value, but we do not want to be desperate about it,” Shekhar tells The Edge Singapore in a recent interview.
