SINGAPORE - Singapore-listed agri-food giant Olam International said on Monday it will create two separate businesses focused on food ingredients and agricultural supply and may look to list them as part of its multi-year re-organisation.
"By simplifying our businesses across two distinct and coherent groups,each with a clear vision for profitable growth, it sharpens our focus and provides opportunities to capitalise on key market trends, while continuing to leverage the benefits of the Olam group," chief executive officer Sunny Verghese said in a statement.
Olam, which counts Singapore state investor Temasek Holdings as its top shareholder, will form Olam Food Ingredients and Olam Global Agri as part of the re-organisation.
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