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Olam International Completes Acquisition Of ADM’s Cocoa Business
Daily Bulletin | 19 October 2015
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Olam International has announced that the acquisition of ADM’s worldwide cocoa business, previously announced on 16 December 2014, was successfully completed at an enterprise value on a cash free and debt free basis of US$1,204 million.

The acquisition satisfies increasing customer demand for full integration within the cocoa supply chain by creating a new entity, Olam Cocoa, that offers breadth, depth and scalability – from origin sourcing, trading, risk management, value chain processing and supply chain solutions, to sustainability, research and development, and product innovation.

The closing value is estimated at US$550 million in fixed assets and US$654 million in working capital subject to the usual purchase price adjustment post-closing.

Olam Int'l  1.810 -- --   
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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