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Olam International Limited (OLAM.SI)

OLAM.SI on Stock Exchange of Singapore

29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Olam International Ltd issues $50 mln in private placement of notes
Thursday, 15 Jan 2015 04:46am EST 

Olam International Ltd:Announced the issuance of $50 mln five year senior notes due 2020 in a private placement under its $5,000,000,000 Euro Medium Term Note Programme established by the company on July 06, 2012 and updated on July 14, 2014.Says the notes were issued to an institutional investor at a fixed coupon of 4.00 pct and will mature on Jan. 22, 2020.Says the net proceeds from this issue will be applied by Olam to fund its ordinary course of business.Says The Hongkong and Shanghai Banking Corporation Limited acted as sole manager for this transaction issue.  Full Article

Archer Daniels Midland Co to sell global Cocoa business to Olam International Limited
Monday, 15 Dec 2014 07:00pm EST 

Archer Daniels Midland Co:Says that it has reached an agreement to sell its global cocoa business to Olam International Limited for $1.3 billion.The sale encompasses ADM's entire global cocoa business, including processing facilities in Mississauga, Canada; Koog aan de Zaan and Wormer, Netherlands; Mannheim, Germany; Ilhéus, Brazil; Abidjan, Côte d'Ivoire; Kumasi, Ghana; and Singapore.Also included are ADM's buying stations in Brazil, Cameroon, Côte d'Ivoire, and Indonesia, as well as the company's deZaan and UNICAO brands.The majority of the about 1,550 colleagues in ADM's cocoa business will transfer to Olam with the sale.The proposed sale, which is contingent on customary regulatory approvals, is expected to close during the second quarter of 2015.  Full Article

Olam International to acquire McCleskey Mills for $176 million
Thursday, 4 Dec 2014 06:24pm EST 

Olam International Ltd:To acquire 100 percent of US peanut sheller McCleskey Mills, Inc at enterprise value of $176 mln.Acquisition will be funded by a combination of internal accruals and existing debt facilities.Deal expected to be earnings and returns accretive from year 1 after consolidation.Expected to be completed by Q3 FY2015.  Full Article

Olam International Ltd announces new multi-tranche facility of $2,475 mln
Wednesday, 19 Nov 2014 05:58am EST 

Olam International Ltd:Says t it has secured revolving credit and term loan facilities aggregating $2,475 mln.Says the facilities consist of three equal tranches of $825 mln each, a 364-day revolving credit facility, a 2-year revolving credit facility and a 3-year term loan.Says proceeds from the facilities will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the company.  Full Article

Olam International Ltd announces incorporation of subsidiaries
Wednesday, 29 Oct 2014 06:47am EDT 

Olam International Ltd:Says it has incorporated wholly-owned subsidiaries namely, Olam Risk Management DMCC , Goliath Brands Pte. Ltd, Olam Nicaragua S.A.Says Olam Risk Management DMCC is incorporated in Dubai, United Arab Emirates and its principal activities are proprietary trading and marketing of its OTC products.Says Goliath Brands Pte. Ltd is incorporated in Singapore and its principal activities are investment holding.Says Olam Nicaragua S.A is incorporated in Nicaragua and its principal activities are Sourcing, processing, packaging and merchandising of agricultural products and inputs.  Full Article

Olam International Ltd sells dairy plant in Cote D’ivoire To Royal Frieslandcampina
Monday, 1 Sep 2014 06:10am EDT 

Olam International Ltd:Says a sale of its dairy processing plant in Cote d’Ivoire to Royal FrieslandCampina for a cash consideration of $18.7 million, excluding any working capital delivered at the closing of the transaction.In addition, Olam will assign its trademark Pearl for a cash consideration of $6.3 million, providing Friesland the right to use the trademark for sweet condensed and evaporated milk products in certain designated countries in Africa.  Full Article

Olam International Ltd declares dividend
Thursday, 28 Aug 2014 07:26pm EDT 

Olam International Ltd:Declares dividend of S$0.05 for FY ended June 30, 2014.Record date Nov. 6.Ex Date Nov. 4.  Full Article

Olam International Ltd expands partnership with Sanyo Foods to Grow Packaged Foods Business in Sub-Saharan Africa
Monday, 18 Aug 2014 05:06am EDT 

Olam International Ltd:Agrees to expand their existing strategic partnership with Sanyo Foods taking a 25.0 pct stake in Olam’s Packaged Foods business for a price consideration of US$187.5 mln.Expects to record a net cash inflow of US$167.5 mln and an addition to reserves of US$80.8 mln after the transaction is completed.  Full Article

Mondelez's move on Hershey sends shivers through cocoa market

NEW YORK When Olam International agreed to buy rival Archer Daniels Midland Co's cocoa processing business in December 2014, catapulting it into the top echelon of bean buyers, confectioners worried about its outsized power over prices.