<article>Singaporean commodity trader Olam International said on Friday it will sell its sugar, rubber, wood products and fertiliser businesses and other assets to release $1.6 billion of cash to reinvest as part of a six-year strategic plan.</article>

Singaporean commodity trader Olam International said on Friday it will sell its sugar, rubber, wood products and fertiliser businesses and other assets to release $1.6 billion of cash to reinvest as part of a six-year strategic plan.
The company is planning to invest $3.5 billion over the period in 12 prioritised businesses, which include edible nuts, cocoa, cotton and coffee, it said in a statement on Friday.
Olam is majority owned by Singapore state investor Temasek Holdings and counts Japanese trading house Mitsubishi Corp as its second-largest shareholder. It is a major player in markets for a number of agricultural commodities.
Earlier this month, it said it would shut its sugar trading desk.
Reuters

Olam is majority owned by Singapore state investor Temasek Holdings and counts Japanese trading house Mitsubishi Corp as its second-largest shareholder.

Singapore's Olam to divest assets worth $1.6b over next few years

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Singapore's Olam to divest assets worth $1.6b over next few years

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