date:Jan 06, 2014
Olam International, a Singapore-based food ingredients supplier, has sold its 50% stake in Lansing Olam Canada in a $5.4m deal.
Lansing Olam Canada is a joint venture between Olam and Lansing Trade Group.
The transaction was completed through a share repurchase arrangement. With this move, Lansing Olam Canada ceases to be a jointly controlled entity of Olam.
Olam Grains business president and global head KC Suresh said, Our exit from Canada will allow us to concentrate our resources on the r