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ofi (olam food ingredients)

Under reviewSG
What it does

Sources and processes cocoa, coffee, dairy, nuts and spices into ingredients for food and drink makers worldwide.

Food ingredientsConsumer staples

Olam's food ingredients business ofi (cocoa, coffee, dairy, nuts, spices), its main remaining operating unit after the sale of Olam Agri to SALIC.

Status
Under review
Expected
Under review
Parent
Olam Group (VC2 SP)
Spin-off ticker
To be announced
Listing
SGX Mainboard and a European exchange (proposed)
Market
Singapore
Sector
Consumer staples

Terms

Olam says it is exploring capital-raising options for ofi through private and public routes, including a potential IPO and demerger with a concurrent listing in Europe and Singapore at an appropriate time; no structure, ratio or timetable announced.

Key dates

  1. Olam Agri Tranche 1 sale to SALIC completed
  2. Ofi IPO/demerger options under evaluation (investor factsheet)

Source documents

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