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The latest update is out from Olam Group ( (SG:VC2) ).
Olam Agri, part of Olam Group, has secured a US$1,850 million dual tranche financing facility to support its operations. This facility, comprising a conventional and an Islamic tranche, will be used for general corporate purposes and reflects Olam Agri’s strategic financial planning as it prepares for its demerger. The financing underscores Olam Agri’s robust market positioning and commitment to sustainable growth in the global agri-business sector.
More about Olam Group
Olam Agri, a subsidiary of Olam Group, is a leading agri-business with a global footprint in food, feed, and fibre markets. It operates across high-growth emerging markets, handling products such as grains, oilseeds, rice, and more. The company is committed to sustainable practices and aims to transform the industry while supporting farming communities.
Average Trading Volume: 2,337,743
Technical Sentiment Signal: Sell
Current Market Cap: S$3.37B
Find detailed analytics on VC2 stock on TipRanks’ Stock Analysis page.