, Singapore

Olam acquires 50% ownership in Acacia Investments

Total consideration for the acquisition was US$35 million.

Olam International Limited announced that it has acquired 50% of shares and voting rights in Acacia Investments. AI is a business group based in the United Arab Emirates with a significant presence in edible oil refining and distribution in East Africa.

Ranveer Chauhan, Olam’s Managing Director and Global Head of Palm, said the two firms share the same ambition of building a leading market position in palm oil refining and distribution in the region.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!