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Olam International Receives $915 Million Investment From Mitsubishi Corporation
Daily Bulletin | 28 August 2015
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Olam International announced the issue of approximately 332.7 million ordinary shares to Mitsubishi Corporation at a subscription price of $2.75 per new share, a total worth of $915 million.

The new shares represent approximately 13.6 percent of the existing issued and paid-up share capital of Olam and approximately 12 percent of the enlarged issued and paid-up share capital following the completion of the subscription.

The subscription price represents a 49.7 percent premium over the weighted average price of the shares of $1.84 on 26 August 2015. This investment comes in as a sign of confidence in Olam after defending itself against US short-seller Muddy Waters LLC last year about its finances and operations.

Olam Int'l  2.200 -- --   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY16 Turnover] Confectionery & beverage ingredients (37.5%), food staples & packaged foods (29.7%), edible nuts, spices & vegetable ingredients (19.3%), industrial raw materials, ag logistics & infrastructure (13.5%).

Insight: Aug-17, 1H17 revenue rose 26.5% mainly on higher s... Read More


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