April 23, 2019 / 2:00 PM / 2 months ago

Singapore's Olam International to buy Dangote Flour Mills

(Reuters) - Singapore-based commodity trader Olam International on Tuesday said it will buy Nigeria’s Dangote Flour Mills for an enterprise value of 130 billion naira ($424.9 million).

The deal will be funded by internal cash resources and existing borrowing, Olam added.

(This story has been refiled to fix typo in paragraph 2)

Reporting by Syed Saif Hussain Naqvi in Bengaluru; Editing by David Goodman

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