BRIEF-Olam Group To Allocate $2 Billion To De-Lever Balance Sheet

Reuters
14 Apr
BRIEF-<a href="https://laohu8.com/S/VC2.SI">Olam Group</a> To Allocate $2 Billion To De-Lever Balance Sheet

April 14 (Reuters) - Olam Group Ltd OLAG.SI:

  • TO ALLOCATE $2 BILLION TO DE-LEVER BALANCE SHEET

  • TO RE-INITIATE SHARE BUYBACKS

  • TO INVEST US$500 MILLION OF EQUITY INTO OFI

  • TO DISTRIBUTE PROCEEDS TO SHAREHOLDERS VIA SPECIAL DIVIDENDS

  • TO SUPPORT STRATEGIC INITIATIVES TO UNLOCK POTENTIAL VALUE OF OFI, LIKE EXPLORING CONCURRENT LISTING IN EUROPE AND IN SINGAPORE

Further company coverage: OLAG.SI

((Reuters.Briefs@thomsonreuters.com;))

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