Olam Group (SG:VC2) has released an update.
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Olam Group’s subsidiary, olam food ingredients (ofi), has successfully obtained a substantial dual currency loan of US$1,075 million to bolster its financial strategy. The funds are earmarked for refinancing existing debts and covering general corporate needs. This strategic move comes ahead of ofi’s anticipated IPO and demerger, showcasing significant confidence from a consortium of 10 leading banks.
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