[Updated] IFC to extend $200m loan to SG-listed Olam Group's agri subsidiary

[Updated] IFC to extend $200m loan to SG-listed Olam Group's agri subsidiary

Photo: Reuters

Editor’s Note: This story has been updated to include additional details from IFC’s press release that was released days after DealStreetAsia first reported the development based on its filing.

The International Finance Corporation (IFC), a member of the World Bank Group, has agreed to extend  a working capital loan of up to $200 million to Olam Global Agri Pte Ltd (Olam Agri), a subsidiary of Singapore-listed Olam Group, according to an IFC statement.

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