Deals
Olam’s Mitsubishi Cash Injection to Help Acquisitions, CEO Says
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The S$915 million ($654 million) cash that Mitsubishi Corp. will pay for new shares of Olam International Ltd. will help Singapore’s commodity trader fund acquisitions, according to Chief Executive Officer Sunny Verghese.
The rout in commodity prices and asset values is opening up opportunities for Olam to expand and the money the company will get from Japan’s biggest trading house will give it firepower, Verghese said Friday in an interview with Bloomberg Television.