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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  1.830 +0.020 +1.10%   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY18 Turnover] Food staples & packaged foods (47.6%), confectionery & beverage ingredients (23.4%), industrial raw materials, infrastructure & logistics (14.9%), edible nuts & spices (14.1%).

Insight: May-19, 1Q19 revenue rose 16.7% due to increased t... Read More

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