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The latest announcement is out from Olam Group ( (SG:VC2) ).
Olam Group’s subsidiary, olam food ingredients (ofi), has secured a significant US$2,100 million multi-tranche loan facility to refinance existing loans and support general corporate purposes. This financial move, involving 18 banks, is strategically aligned with the planned IPO and demerger of ofi, potentially impacting its market positioning and operational capabilities.
More about Olam Group
Olam Group, through its subsidiary olam food ingredients (ofi), is a global leader in the food and beverage ingredients industry, focusing on naturally good products. The company is involved in the production and supply of a wide range of ingredients catering to various market needs.
Average Trading Volume: 2,512,803
Technical Sentiment Signal: Hold
Current Market Cap: S$3.93B
For an in-depth examination of VC2 stock, go to TipRanks’ Overview page.