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Olam Group ( (SG:VC2) ) just unveiled an announcement.
Olam Group’s subsidiary, olam food ingredients (ofi), has secured a US$1,120 million dual currency loan facility to refinance existing loans and support general corporate purposes. This financial move, involving 12 banks and structured in multiple tranches, positions ofi for growth and stability ahead of its planned IPO and demerger, potentially strengthening its market presence.
The most recent analyst rating on (SG:VC2) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Olam Group stock, see the SG:VC2 Stock Forecast page.
More about Olam Group
Olam Group is a global leader in the food and beverage industry, focusing on naturally good food and beverage ingredients through its subsidiary, olam food ingredients (ofi).
Average Trading Volume: 2,156,377
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$3.61B
For detailed information about VC2 stock, go to TipRanks’ Stock Analysis page.