In today’s briefing:
- Olam Group: Restructuring to Unlock Value
Olam Group: Restructuring to Unlock Value
- Olam Group set to replace Olam International (OLAM SP) as the listed company entity on 16 March. It consists of Olam Food Ingredients (ofi), Olam Agri and Olam International (OIL).
- The complicated restructuring exercise which was announced in January 2020 is driven by the Board’s intent to unlock long-term shareholder value.
- Our SoTP valuation is S$2.36 per share, which is a 34% upside to the last trading price of S$1.76 per share (9 March prior to the suspension of the shares).
Before it’s here, it’s on Smartkarma
