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Olam International Ltd. #967

Created at
2013-02-15
Last update
2020-10-27

Involvements (5)

ID
41508
Name
International Finance Corporation (IFC)
Country of registration/origin
United States of America
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
120 000 000
Loan date
28-04-2020
Comment
US$120 million from IFC and US$56million from JICA. This is a co-financing project based on the Memorandum of Understanding made between IFC and JICA in May 2017 relating to business cooperation for efficient co-financing of the private sector in developing countries.
ID
41843
Name
Temasek Holdings
Country of registration/origin
Singapore
Classification
Investment fund
Relationship
Parent company
Investment type
Shares/Equity
Ownership share
53.4 %
Comment
Became the majority shareholder of Olam after the completion of a voluntary general offer in May 2014. It owns 1,707,085,854 shares through Breedens Investments and Aranda Investments, representing 53.4% of the total issued share capital of Olam.
ID
41842
Name
Kewalram Chanrai Group (KC Group)
Country of registration/origin
Singapore
Relationship
Tertiary investor/lender
Investment type
Shares/Equity
Ownership share
7 %
Comment
Olam was established in 1989 by the Kewalram Chanrai Group (KC Group), one of the oldest international companies in Africa and Asia with more than 150 years of trading history.
ID
2279
Name
Japanese International Cooperation Agency (JICA)
Country of registration/origin
Japan
Classification
State-/government (owned) company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
56 000 000
Loan date
28-04-2020
Comment
US$120 million from IFC and US$56million from JICA. This is a co-financing project based on the Memorandum of Understanding made between IFC and JICA in May 2017 relating to business cooperation for efficient co-financing of the private sector in developing countries. Source: https://www.jica.go.jp/english/news/press/2020/20200430_10_en.html
ID
425
Name
Mitsubishi Corp.
Country of registration/origin
Japan
Classification
Stock-exchange listed company
Relationship
Tertiary investor/lender
Investment type
Shares/Equity
Ownership share
17.4 %
Comment
took a 20.0% equity stake in the Company and became a strategic investor and the second largest shareholder of Olam in September 2015. It now holds 554,689,829 shares or 17.4% of issued capital and has two representatives on the Board.