Press release
6th Apr, 2026
Olam Group announces proposed divestment of Mindsprint to Wipro as part of its Re-organisation Plan
Singapore
Olam Group to divest its IT and digital services business, Mindsprint, to global technology services and consulting company, Wipro, for US$375 million, marking another step forward in its Updated 2025 Re-organisation Plan1.
Awards an eight year strategic transformation deal to Wipro with a committed annual spend of US$100 million.
The combined capabilities of both Mindsprint and Wipro will accelerate Olam Group’s mission-critical programmes, strengthen its core operation and deliver scalable outcomes.
Olam Group Limited (“Olam Group” or the “Company”, together with its subsidiaries “the Group”) today announced that it has entered into a definitive agreement with Wipro Limited (“Wipro”) to sell its 100% stake in Mindsprint Pte. Ltd. (“Mindsprint”) for a cash consideration of US$375 million, subject to closing adjustments (the “Proposed Sale”).
The Proposed Sale is in line with the Group’s Updated 2025 Re-organisation Plan to respons
Press release
18th Mar, 2026
ofi secures inaugural EUR financing facility of EUR 1,100 million
Singapore
Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has secured its inaugural dual-tranche EUR syndicated loan facility aggregating EUR 1,100 million (the “Facility”).
Rishi Kalra, Executive Director and Group CFO of ofi said:
“I am delighted to announce the successful completion of our inaugural EUR financing. This facility demonstrates our ability to tap into diverse pools of capital to further diversify our borrowing mix. It enhances our robust liquidity position and provides financial flexibility to execute our strategy and deliver value to our stakeholders.”
The Facility has Olam Treasury B.V. (“OTBV”) as a Borrower. The Facility is initially guaranteed by Olam Group Limited which would transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s ex
Press release
2nd Mar, 2026
Olam Agri secures 7-year US$100 million financing from FMO
Singapore
Olam Group Limited (“Olam Group”) announced today that its food, feed and fibre operating group, Olam Agri, has secured a 7-year US$100 million financing facility (“the Facility”) from Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (“FMO”).
The Facility has Olam Agri subsidiaries, namely, Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers. The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger of Olam Agri.
Olam Agri will use the proceeds to support the flow of rice from India, Thailand, and Vietnam to African countries that depend on rice as a dietary food staple. This contributes to food security and strengthens value chain resilience in those markets.
Hans Bogaard, Director Agribusiness, Food & Forestry at FMO, said: “We are pleased to support Olam, a founding member of the Sustainable Rice Platform that promotes low-emission, water-efficient rice farming. Its c
