Original disclosure @ IFC website
Updated in EWS Sep 3, 2018
Disclosed by Bank May 3, 2018
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The proposed transaction is an agricultural supply chain financing to Olam International to promote inclusive and sustainable agricultural value chains in SSA, East Asia, and the Pacific. With the proposed financing IFC will support Olam’s efforts to create markets for smallholder farmers in IDA countries, most of whom are unbanked or disconnected from financial systems.
Olam International is a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to more than 22,000 customers worldwide. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalization. It differentiates itself by focusing on niche commodities and businesses, buying from growers and village-level agents at the farm gate, and providing value-added solutions and services to customers (e.g., traceability guarantees).
Olam is listed on Singapore Stock Exchange, and Temasek Holdings, the Singapore sovereign wealth fund (53.6%) and Mitsubishi Corporation (Japan) (17.4%) are the main shareholders. Olam’s management team has a 6.5% ownership in the company.
Mr. Jayant S. Parade
President & Global Head – Treasury & IR Group Treasurer
Olam International Limited 7 Straits View,
Marina One East Tower #20-01; Singapore 018936
Tel: +65 6339 4100; Fax: +65 6339 9217 E-mail: firstname.lastname@example.org
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