Singapore's Olam Agri secures $2b bridge financing for parent's reorganisation

Singapore's Olam Agri secures $2b bridge financing for parent's reorganisation

Photo: Reuters

Singapore’s Olam Agri has secured a $2 billion bridge financing facility to support the reorganisation plan of its parent, Olam Group, the grains and animal feed trader said on Monday.

Agri-business giant Olam Group announced its reorganisation plan in January 2020 to categorise its products under two operating businesses, with an intention to potentially spin out each unit and list them separately.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter