Press Release

    Update on the Proposed Acquisition of Usina Acucareira Passos

    Press release

    Olam International Limited (“Olam” or “the Company) refers to the press release dated 29 May 2012 on the proposed acquisition of Usina Açucareira Passos S.A. (“UAP”). UAP is the owner and operator of a sugar mill located in Passos, Brazil’s Centre South. As Olam and UAP were not able to reach an agreement on the final closing terms and conditions, on the basis of a mutual agreement, both parties have decided to terminate the proposed transaction of Olam’s acquisition of UAP.

    Olam remains committed to the agricultural sector in Brazil where the Company has built strong leadership positions in Coffee and Cotton.

     

     

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