Significant progress in Re-Organisation Plan to unlock long-term shareholder value
Separation and carve-out of OFI and OGA by end-2021
Planned listing of OFI by H1 2022
Concurrent demerger of OFI from Olam via distribution in specie to Olam shareholders
Continue exploring similar strategic options for OGA in line with Re-Organisation Plan
Singapore
As announced on January 20, 2020, Olam International Limited (“Olam” or the “Company”, and together with its subsidiaries, the “Olam Group”) is undertaking a re-organisation of its business to create two new coherent operating groups, Olam Food Ingredients (“OFI”) and Olam Global Agri (“OGA”), that are well-positioned for further growth in line with key customer trends and market opportunities with the aim of unlocking long-term shareholder value (the “Re-org Announcement”).
The Re-org Announcement stated that the Company would explore options to maximise Olam’s long-term shareholder value via potential carve-out and capital raising options, including potential initial public offerings (“IPO”) of OFI