The transaction is funded from a combination of existing cash and debt facilities and is expected to be earnings accretive from 2024 onwards.
Olam Group’s agri business subsidiary Olam Agri has completed the full acquisition of feed supplier Avisen SARL for EUR17 million ($24.77 million).
The price consideration takes into account the business performance and prospects of Avisen as well as the capabilities and synergies between Olam Agri and Avisen.
