Key Developments: Olam International Limited (OLAM.SI)

OLAM.SI on Stock Exchange of Singapore

2.10SGD
19 Dec 2014
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$0.06 (+2.94%)
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Latest Key Developments (Source: Significant Developments)

Olam International Ltd announces sale of stake in Gabon Special Economic Zone SA
Friday, 27 Jun 2014 09:18am EDT 

Olam International Ltd:Enters into an agreement to sell 20 pct equity stake in Gabon Special Economic Zone SA (GSEZ) to the Republic of Gabon (RoG).Transaction is in line with the Company’s strategy to jointly invest with partners in projects that involve large capital expenditure and long gestation.Post completion, Company will retain joint control of GSEZ.  Full Article

Olam International Ltd announces sale of timber subsidiary in Gabon
Friday, 27 Jun 2014 09:16am EDT 

Olam International Ltd:Enters into agreement to sell 100 pct equity stake in subsidiary Compagnie Forestière des Abeilles SA (CFA) to Transport Bois et Négoce International (TBNI), Gabonese timber company for consideration of $6.0 mln.Price consideration was determined on willing-buyer, willing-seller basis.Transaction is expected to complete by Q1 FY2015.  Full Article

Olam International Ltd and Mitsubishi Corporation form partnership to grow Australian Grains Business
Monday, 23 Jun 2014 09:30am EDT 

Olam International Ltd:Says partnership with Mitsubishi Corporation of Japan (MC) in which MC will invest $64.0 mln for an 80.0 pct equity interest in wholly owned subsidiary, Olam Grains Australia (OGA).Partnership will leverage growth opportunities in the Australian Grains business.Enterprise valuation at 100 pct of OGA is $80.0 mln, including working capital delivered at closing.Price consideration was determined on willing-buyer, willing-seller basis.OGA’s business comprises mainly origination, trading, logistics and marketing activities as well as a 32.5 pct stake in Newcastle Agri Terminal, which commenced operations in Feb, 2014.Olam will continue to hold a 20 pct equity interest in OGA.  Full Article

Olam International Ltd does not declare dividend
Wednesday, 14 May 2014 07:24pm EDT 

Olam International Ltd:Says no dividend has been recommended for the nine months ended March 31, 2014.  Full Article

Olam International Ltd subsidiary NZFSU disposes dairy farm land and enters long-term lease
Friday, 25 Apr 2014 05:11am EDT 

Olam International Ltd:Says its wholly owned subsidiary New Zealand Farming Systems Uruguay (NZFSU) sold dairy farm land in Western and the Eastern regions in Uruguay.Total cash consideration is $53.7 mln and book a one-time pretax gain of approximately US$18.0 mln upon completion of these transactions in the fourth quarter of FY2014.Separately, NZFSU also sold 6,002 hectares of dairy farm land located in East of Uruguay to Galperin Group, an agri-business group in Uruguay.This dairy farm land will have a long-term lease agreement for a period of 12 years, which is renewable upon mutual consent.  Full Article

Olam International Ltd announces Republic of Gabon will stake in Olam Palm and Rubber joint ventures
Friday, 28 Mar 2014 08:42am EDT 

Olam International Ltd:Republic of Gabon (RoG) will invest additional$56.8 mln towards equity and increase stakes in Palm and Rubber joint ventures with Olam in Gabon.Olam Palm Gabon (OPG) and Olam Rubber Gabon (ORG) are joint ventures between Olam and RoG.With Olam holding 70 pct and 80 pct equity stake respectively and RoG holding the balance 30 pct and 20 pct respectively.On completion of this transaction, Olam will own 60 pct equity interest in both OPG and ORG joint ventures, with RoG holding remaining 40 pct.  Full Article

Breedens Investments Pte Ltd offers to acquire all ordinary shares in Olam International Ltd
Thursday, 13 Mar 2014 06:53pm EDT 

Breedens Investments Pte Ltd:Intends to make a voluntary conditional cash offer for all ordinary shares in the capital of Olam International Ltd.New shares unconditionally issued or to be issued pursuant to valid conversion of outstanding convertible bonds.New Shares unconditionally issued or to be issued pursuant to valid exercise of options granted under Olam employee share option scheme.Terms were not disclosed.  Full Article

Olam International Ltd does not declare dividend
Thursday, 13 Feb 2014 06:30pm EST 

Olam International Ltd:Says no dividend has been recommended for the half year ended Dec. 31.  Full Article

Olam International Ltd to divest timber assets in Gabon for $18.0 mln
Friday, 24 Jan 2014 07:08am EST 

Olam International Ltd:Enters into an agreement with a consortium of Chinese investors to sell part of its forestry and saw milling assets in Gabon for a gross consideration of $18.0 mln.Says the divestment, which is a part of Olam’s revised strategy to restructure the Wood Products portfolio, includes the sale of two saw mills in the Makokou region of Gabon, 2.5 hectares of land in the Special Economic Zone (SEZ) at Nkok, Gabon and associated forestry concessions.  Full Article

Olam International Ltd divests stake in Lansing Olam Canada
Thursday, 2 Jan 2014 04:31am EST 

Olam International Ltd:Says it has disposed its entire 50 pct stake in Lansing Olam Canada by way of a share repurchase arrangement for a cash consideration of $5.4 mln.Says Lansing Olam Canada is a jointly controlled entity of the company with the balance 50 pct held by its joint venture partner Lansing Trade Group LLC.  Full Article

RPT-Olam's cocoa purchase raises supply, price volatility concerns

NEW YORK, Dec 17 - Olam's $1.3 billion deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the niche cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.

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