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Olam Group ( (SG:VC2) ) just unveiled an update.
Olam Group has announced the next steps in its re-organization plan, following the proposed sale of its remaining stake in Olam Agri to SALIC. The plan includes right-sizing the Remaining Olam Group’s capital structure by allocating $2 billion to eliminate debt, investing $500 million into ofi for strategic growth, and divesting all remaining assets to distribute proceeds to shareholders. The re-organization aims to focus on value creation for ofi, with funding sourced from the sale of Olam Agri and asset divestments.
More about Olam Group
Olam Group Limited is a diversified company operating in the agriculture and food ingredients industry. It has structured its business into three main segments: Olam Food Ingredients (ofi), Olam Agri, and the Remaining Olam Group. The company focuses on maximizing shareholder value through strategic carve-outs, capital raising, and asset divestments.
YTD Price Performance: -31.13%
Average Trading Volume: 24,386
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.44B
See more data about VC2 stock on TipRanks’ Stock Analysis page.