Olam Group ( (SG:VC2) ) has provided an announcement.
Olam Agri, part of Olam Group, has secured financing facilities totaling US$2,000 million to refinance existing loans and support general corporate purposes. This strategic financial move, involving major banks like Barclays and HSBC, is set to enhance Olam Agri’s operational capabilities and market positioning, particularly as it prepares for its demerger from Olam Group.
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. It operates in high-growth emerging markets, offering products like grains, oilseeds, rice, and cotton, and focuses on sustainable practices. Olam Group, its parent company, is a major player in the food and agri-business sector, serving 22,000 customers globally with operations spanning over 60 countries.
YTD Price Performance: -0.11%
Average Trading Volume: 758
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.37B
Learn more about VC2 stock on TipRanks’ Stock Analysis page.