Singapore's Olam plans to list food ingredients business by H1 2022

Photo: Reuters

Commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday it plans to list its food ingredients segment by the first half of next year.

The carve-out and separation of Olam Food Ingredients (OFI), which includes its cocoa, coffee and edible nuts businesses, and Olam Global Agri (OGA), which includes grains and animal feed, edible oils, rice and cotton, is estimated to be completed by the end of 2021.

Bring stories like this into your inbox every day.

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