Olam reorganises, mulls IPO of business units

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SINGAPORE (Jan 20): Global food and agri-business Olam International is reorganising its business into two new distinct operating groups focusing on food ingredients and global agri-business.

The revamp is part of the group's new strategic plan set out in January last year and is expected to the group’s portfolio and sharpen its focus.

It will also enable investors to participate in two diverse themes via potential carve-outs or initial public offerings (IPOs), the group reported on Monday.

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