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Sovereign Wealth Funds Briefing - Categorized | Financials

Olam to review capex, free cash flow targets

Posted on 08 February 2013

Singapore commodities firm Olam International Ltd, backed by Singapore state investor Temasek Holdings Pte Ltd, which came under attack last November by short-seller Muddy Waters LLC, said it has begun a review of its business including it priorities, capital spending and free cash flow generation targets.
“The review is expected to be completed within the next three months after which a suitable announcement will be made,” Olam said in a statement after reporting its quarterly results………………………………………..Full Article: Source


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