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Commodities Briefing - Categorized | Agriculture, M&A more

Global Agribusiness Set for More Deals

Posted on 16 May 2014

Singapore-listed Olam, one of the world’s biggest traders in commodities such as nuts, cotton, coffee and cocoa, reported its third-quarter earnings on Thursday–net profit more than doubled from the previous year to 396.1 million Singapore dollars ($316.8 million).
In March, Singapore state investment fund Temasek Holdings Pte. Ltd. made an offer as part of a consortium to buy the remaining 47.5% it doesn’t already own of Olam for about $2 billion, one of a series of mergers and acquisitions moves in the commodities space globally in recent months………………………………………..Full Article: Source


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