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Olam International Ltd

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  • NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...

  • FACTBOX-ADM's and Olam's cocoa businesses Tuesday, 16 Dec 2014 | 4:49 AM ET

    Dec 16- Olam International Ltd's $1.3 billion deal to buy Archer Daniels Midland Co's cocoa business will create one of the world's top cocoa bean processors and traders, rivalling Barry Callebaut AG and Cargill Inc.. The Chicago- based firm has eight cocoa bean processing facilities: Ontario, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany;...

  • ADM to sell cocoa business to Olam for $1.3B Monday, 15 Dec 2014 | 8:02 PM ET

    CHICAGO— Archer Daniels Midland says it has agreed to sell its global cocoa business to Olam International for $1.3 billion. ADM's cocoa unit includes facilities in several countries, including Brazil, Canada, Germany, Ghana and Singapore. The Chicago- based company said Monday that a majority of the roughly 1,550 employees in the cocoa business will transfer...

  • PAINE, CHILE, Dec 2- The world's biggest maker of industrial chocolate Barry Callebaut said on Tuesday there will be a global cocoa surplus this year and possibly the next, taking a more bearish perspective than some other forecasters so far. "This year we will have more beans than we need, so we will have a surplus," Juergen Steinemann, chief executive of the Swiss...

  • *Ivorian cashew output growing by over 10 pct annually. *Country now world's biggest exporter. BONDOUKOU, Ivory Coast, Oct 29- Forty years ago, Henri Kouakou was struggling to support his family farming a small plot outside Bondoukou, a dusty town in northeastern Ivory Coast, when he first learned that money did, in fact, grow on trees-- cashew trees.

  • Cocoa industry helps fund Ebola fight in West Africa Wednesday, 15 Oct 2014 | 4:00 AM ET

    Oct 15- Chocolate and cocoa companies have donated $600,000 toward combating Ebola in West Africa, the World Cocoa Foundation said on Wednesday, the first sign the industry is striving to prevent the virus from spreading to the world's top two growers. So far, the Ebola virus has killed nearly 4,500 people in West Africa with nearly 9,000 infected, the World...

  • Africa is hot, but will investments pay off? Tuesday, 17 Jun 2014 | 7:11 PM ET
    Sacks of grain on display at Dawanau grain market, the largest grain market in west Africa, on the outskirts of the northern Nigerian city of Kano

    More global companies are interested in targeting investments in sub-Saharan Africa, but it isn't clear that high hopes for the region will pan out.

  • Temasek offers to buy Olam, values firm at $4.3 billion Thursday, 13 Mar 2014 | 9:47 PM ET

    Temasek Holdings has offered to buy all shares in Olam owned by minority shareholders in a cash deal that values the trading firm at $4.3 billion.

  • Why Singapore needs to double productivity  Tuesday, 22 Oct 2013 | 11:03 PM ET

    James Sullivan, Director of ASEAN Research at J.P. Morgan tells CNBC's Cash Flow that Singapore will need to double its productivity if it wants to maintain current growth levels.

  • Asia stocks mostly higher, but Syria concerns weigh Friday, 30 Aug 2013 | 2:48 AM ET

    Asian shares were mostly higher Friday, but gains were capped by uncertainty over the stability of emerging markets and the possibility of a military strike against Syria despite indications a delay might be in the offing.

  • Singapore Wealth Fund Size Soars to Record High Thursday, 4 Jul 2013 | 5:35 AM ET
    Singapore's business district skyline at dusk

    Singapore's Temasek Holdings says the size of its portfolio soared to a record high in the financial year ending March 2013.

  • Why We're Betting Against StanChart: Carson Block  Sunday, 12 May 2013 | 11:01 PM ET

    Carson Block, Founder of Muddy Waters Research, discusses why he believes the market is underestimating the risk in Standard Chartered's loan book.

  • We Listen to Our Fiercest Critics: Olam CEO Thursday, 25 Apr 2013 | 10:29 PM ET
    Sunny Verghese, group managing director and chief executive officer of Olam International.

    The CEO of Singapore-based commodities firm Olam International, which was targeted by short seller Muddy Waters last year, said the firm has listened to its fiercest critics as it cuts capital spending and downsizes profit expectations.

  • Olam Will Unveil Strategy to Appease Investors Wednesday, 24 Apr 2013 | 10:13 PM ET

    Olam International, under pressure to retreat from a debt-fueled acquisition spree, will unveil a strategy review on Thursday that many investors hope will target less growth and more cash.

  • A Higher Bid For Fraser & Neave?  Tuesday, 1 Jan 2013 | 7:40 PM ET

    Roger Tan, CEO, SIAS Research says F&N's share is worth between S$8.50 and $11.50 each, and that TCC can afford to increase its bid.

  • Singapore's Temasek Raises Stake in Olam to 19% Thursday, 27 Dec 2012 | 11:37 PM ET

    Olam International, which has been battling short-seller Muddy Waters, said on Friday that Singapore state investor Temasek Holdings had raised its stake in the commodities firm to 19 percent from 18 percent.

  • Appetite for Bonds Sours as Asia Investors Get Burned Tuesday, 18 Dec 2012 | 6:56 PM ET

    Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borrowers.

  • Olam Fund-Raising a 'Bailout': Muddy Waters Monday, 3 Dec 2012 | 10:38 PM ET
    Olam's CEO Sunny Verghese

    Muddy Waters Research characterized Olam's $1.25 billion fund-raising plan as a "sovereign bailout" since it is backed by Singapore state investor Temasek.

  • Carson Block, Founder of Muddy Waters Research says Olam's rights issue is a clear victory for the research firm. He characterized the company's $1.25 billion fund-raising plan as a "sovereign bailout".

  • No Clarity on Olam's Business Model: Pro  Monday, 3 Dec 2012 | 6:50 PM ET

    Alan Lok, Director, Sabio Global Singapore says Olam has not explained its business model clearly enough, and cautions investors to take a long-term view on its stock.