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Olam International Ltd (OLAM.SI)

OLAM.SI on Stock Exchange of Singapore

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Olam International Ltd - U.S. lifted Uzbekistan's rights ranking as cotton field abuses continued - Reuters
Wednesday, 23 Dec 2015 01:00am EST 

Olam International Ltd:The news reached Dmitry Tihonov in Uzbekistan's rural heartland as the labor activist quietly recorded the arrival of thousands of teachers, nurses, laborers, students and other conscripts sent to the fields to pick cotton. - RTRS.Human rights groups say Tihonov is a victim of Uzbekistan’s efforts to conceal a massive, state-orchestrated forced labor system that underpins its position as the world’s fifth-largest cotton exporter. - RTRS.The U.S. upgrade of Uzbekistan has not changed the boycott, said Patricia Jurewicz, director of Responsible Sourcing Network - RTRS.an advocacy group in California that maintains a list of companies that have pledged "to not knowingly" source Uzbek cotton until the country "ends the practice of forced child and adult labor in its cotton sector." - RTRS.But big cotton processors such as Singapore's Olam International Ltd and South Korea’s Daewoo International Corp 011160.KS, still buy Uzbek cotton, the companies said. - RTRS.Olam said it could not answer specific queries on Uzbek cotton, but added it was working with the government and other bodies to address labor issues. - RTRS.Because of weakness in the global economy, demand for Daewoo’s Uzbek cotton has weakened, a Daewoo company spokesman told Reuters.- RTRS.He declined to comment on the country’s forced labor conditions but welcomed Uzbekistan’s upgrade in the trafficking report as “definitely good”. - RTRS.  Full Article

Olam announces multi-tranche facility of $1 bln
Tuesday, 27 Oct 2015 04:14pm EDT 

Olam International Ltd:Olam announces a new multi-tranche facility of US$1,000 million.Says proceeds from the facility will be applied towards refinancing of existing debt.Says facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year term loan.  Full Article

BRIEF-Farmland Partners acquires California farmland for $110 mln

* Farmland Partners announces $110 mln acquisition of California farmland