Mitsubishi to Buy 20% in Grain Trader Olam for $1.09 Billion

Updated on
  • Japanese trading house expands in agriculture following rivals
  • Olam issues new shares to Mitsubishi; Temasek keeps control

Mitsubishi Corp., betting on growing demand for food in Asia, agreed to buy a 20 percent stake in Olam International Ltd., the commodity trader controlled by Singapore’s state investment company, in two deals worth S$1.53 billion ($1.09 billion).

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