Olam’s Mitsubishi Cash Injection to Help With M&A, CEO Says

Updated on
  • Deal is latest in Japan trading house agriculture M&A spree
  • Olam shares climb 10% after deal to highest since December

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.

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