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Olam Group Limited (VC2.SI)

SES - SES Delayed Price. Currency in SGD

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1.4600

+0.0100

(+0.69%)

As of 11:59AM SGT. Market open.

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The Smart Investor
Top Stock Market Highlights of the Week: World Bank’s Slashes Forecast, ChatGPT, Olam Group, and Singapore Post
We preview the latest updates from Olam and Singapore Post and also look at this year’s forecast for the world economy. The post <strong>Top Stock Market Highlights of the Week: World Bank’s Slashes Forecast, ChatGPT, Olam Group, and Singapore Post</strong> appeared first on The Smart Investor.
Bloomberg
Olam Agri picks banks for US$1 billion Singapore listing
Olam Group has picked banks to lead a planned Singapore listing of its agribusiness unit that could raise as much as US$1 billion, people familiar with the matter said.
Reuters SG
UPDATE 2-Olam Group to sell $1.24 bln stake in Agri unit, paving way for IPO
Singapore-based commodity trader Olam Group said on Friday it plans to sell a 35% stake in unit Olam Agri to Saudi Agricultural and Livestock Investment Co (SALIC) for $1.24 billion, paving the way for an IPO and demerger of the unit. The deal implies a valuation of $3.5 billion for Olam Agri, one of three operating groups formed in early 2020 as the result of a re-organisation. "Secondary placement for Olam Agri would lead to an immediate unlocking of value for our shareholders, set a benchmark valuation for future IPO and demerger of Olam Agri," said Sunny Verghese, the group's chief executive.