Olam

The company continues to pursue Olam Agri IPO at the next practical window.

Acknowledging reports claiming that the IPO is seeking to raise up to US$1 billion, Verghese says the size is still undetermined.

Olam Agri has chosen the correct moment to expand.

Olam is cautiously optimistic about its prospects for the rest of 2022.

This follows an earlier announcement that SALIC is acquiring a 35.4% substantial minority stake in Olam Agri for US$1.24 bil.

The transaction values Olam Agri at an equity valuation of US$3.5 billion.

The IPO of OFI is expected to be valued at around $8 billion to $14 billion.

Russia and Ukraine account for only 1% of Olam's sales volume, 0.8% of its sales revenues and 0.4% of its invested capital.

The landmark transaction gives the group significant flexibility to allocate financing across its three new operating groups.

SINGAPORE (Dec 5): In 2018 alone, about US$58.8 billion ($80.1 billion) in social and sustainability bonds were issued. The first green bond was issued by the European Investment Bank and the World Bank in 2007, and the market has grown to more than US$16