OLAM TO DIVEST ITS RUBBER, SUGAR BUSINESSES, INVEST $3.5 BN IN CORE PRODUCTS
MUMBAI, Feb. 4 -- Olam International, a leading global agri-business company, has announced that it will make a planned investment of US$3.5 billion in 12 prioritised high-potential growth businesses and release US$1.6 billion from de-prioritising and divesting four businesses - Sugar, Rubber, Wood Products, Fertiliser - and other assets that no longer fit with Olam's strategic priorities.
The divestments will be completed in a responsible and orderly fashion during its 2019-2024 strategic plan, that capitalises on key trends shaping the sector. Driven by consumers and advances in technology, these trends include increasing demand for healthier foods, traceable and sustainable sourcing, e-commerce and the rise of "purpose" brands, Olam says...
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