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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  2.260 +0.02 +0.89%   
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: Nov-17, 9M17 revenue rose 31.5% on the back of hig... Read More


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