Singapore's Olam to take over Queensland Cotton

Olam has offered up to $110 million for Australia's Queensland Cotton to create the world's third-largest cotton company.

Olam International in Singapore announced yesterday March 7 that it will pay up to A$142 million $110 million for Australia's Queensland Cotton. The merger proposal, which will create the world's third-largest cotton company, has been welcomed by shareholders of both companies.

Olam is a global supply-chain manager and operates across 14 products in over 52 origin countries, delivering in 55 destination markets. It has a significant position in several commodities including cocoa, coffee, cashews, sesame, rice and teak wood.

It...

To continue reading, please login or register for free

Click for more on: olam | queensland cotton

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...