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Olam International
Environmental, Social and Governance
Companies need 'granular pathways' for sustainability but who's paving them?
"I can tell you not one of us has a clue of how we are going to get there."
October 06, 2021
Bonds and treasuries
Olam issues 5.5 billion yen worth of 5-year notes due in 2026
These Senior Notes due 2026 will be privately placed under the group's US$5.0 billion Euro Medium Term Note Programme.
September 30, 2021
New appointments
Former Unilever CEO and chair appointed as chair of Olam Food Ingredients
Niall FitzGerald has been appointed as chair of OFI effective Sept 9.
September 09, 2021
Bonds and treasuries
Olam issues 9 bil yen worth of 5-year notes due 2026
The bonds have a rate of 1.61%, and are due in Sep 2026
September 02, 2021
Results
Olam registers 26.7% higher earnings of $421.5 mil for 1H21, announces plans to list OFI on LSE and SGX
1H21 operational PATMI increased 116% y-o-y to $436.6 mil, Olam’s highest since inception.
August 13, 2021
Equity raising
Olam rights issue 118% subscribed, raises $601.7 mil
482.4 mil shares will be issued at $1.25.
July 23, 2021
Restructuring
Olam International: Splitting up and separate listings for sharper focus
Olam divides business segments for better focus.
July 02, 2021
Equity raising
Olam reports 13.1% lower earnings for 1Q21, announces $601.7 million rights issue
The rights issues will be fully sub-underwritten by major shareholder Temasek.
June 22, 2021
Company in the news
Olam secures US$1 bil loan facility to finance acquisition of spice business
Olam had announced the acquisition of the business on April 29.
May 14, 2021
M&A
Olam Food Ingredients expands US portfolio by acquiring spice manufacturer Olde Thompson
OFI is acquiring Olde Thompson at an enterprise value of US$950 million.
April 29, 2021