Tag: Olam International

Sunny Verghese – Olam International’s rise from its Nigeria origin to global giant

Frank

INSPIRATIONAL INTERVIEW Olam International’s co-Founder & CEO Sunny Verghese is proud of the great progress that his company has made since it started out in Nigeria in 1989. With operations across the five continents across the food and agro industry, he has also taken the role of championing for sustainable business practices around the World. The first time I got to meet Sunny Verghese, the Co-Founder and Group CEO Olam International, I was surprised by his huge grasp of figures, and the ease with which he has a strong awareness…

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Olam to acquire Dangote Flour Mills for US$361m, strengthens Africa footprint

Frank

NIGERIA – Global food and agribusiness giant, Olam International has announced that it has submitted a binding offer to acquire Dangote Flour Mills (DFM), Nigeria’s leading wheat milling company for US$361 million (NGN 130 billion). The transaction includes five flour and pasta production facilities operated by DFM as well as its logistics capabilities including access to two ports (Apapa and Calabar).  The Singapore-based agribusiness company said addition of DFM further strengthens its portfolio ‘by investing in proven businesses where it has consistently performed and gained market leading positions’. Olam which…

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