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Olam Food Ingredients (OFI)
Company in the news
Olam Food Ingredients prices US$125 mil private placement in US
There were US$25 million worth of five-year floating rate notes and US$100 million worth of seven-year floating rate notes.
September 04, 2023
Company in the news
Olam sees prices and supply chain woes easing; geopolitical uncertainties persist
The company will soon be seeking shareholder approval for the concurrent Olam Agri IPO both on the SGX and Tadawul.
March 02, 2023
IPO
Olam Agri’s IPO rides on the back of enhanced global focus on food security
Acknowledging reports claiming that the IPO is seeking to raise up to US$1 billion, Verghese says the size is still undetermined.
January 12, 2023
Company in the news
Olam Food Ingredients secures two-year US$250 mil loan with DBS and ICBC
Proceeds from the facility will go towards the refinancing of ofi’s existing loans and for general corporate purposes.
January 03, 2023
Company in the news
Olam Food Ingredients cites market stability and fair valuation as catalysts for eventual IPO
OFI is not looking at another bull run — instead, it is waiting for stability in the market.
December 01, 2022
Funds
Olam Food Ingredients secures inaugural sustainability-linked loan of US$1.98 bil
The facility comprises a two- and three-year revolving credit facility (RCF) and a three-year term loan.
August 30, 2022
Results
Olam's 1HFY2022 earnings marginally up by 1.8% to $429.1 mil as it continues reorganisation plan
Olam is cautiously optimistic about its prospects for the rest of 2022.
August 12, 2022
M&A
Olam Food Ingredients to acquire Canada's Club Coffee for $161.7 mil
The acquisition is expected to be accretive to ofi’s current year earnings.
April 26, 2022
IPO
Olam Agri IPO can only be launched after the next two years, says Olam CEO Sunny Verghese
This follows an earlier announcement that SALIC is acquiring a 35.4% substantial minority stake in Olam Agri for US$1.24 bil.
March 25, 2022
Russia-Ukraine crisis
Olam Food Ingredients postpones IPO planned for 2Q this year
One of them includes Sunny Verghese, group CEO of Olam Group.
March 24, 2022