Press Release

    Olam International Completes Sale of 25.0% Stake in its Packaged Foods Business to Sanyo Foods

    Press release

    Olam International Limited (“Olam” or “the Company”) a leading agri-business operating across the value chain in 65 countries, today announced that it has completed the sale of a 25.0% stake in Olam’s Packaged Foods business to Sanyo Foods Co. Ltd. (“Sanyo Foods”).

    The Company has received cash proceeds of US$167.5 million and has added US$79.6 million to its capital reserves. Following the completion of the sale, Olam owns 75.0% of Caraway Pte Ltd., the holding company for all of the Company’s Packaged Foods businesses with the balance 25.0% owned by Sanyo Foods.

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