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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: olam | queensland cotton

Print Edition

FinanceAsia Print Edition

EVENTS