Mitsubishi Corporation S$1.5 billion acquisition of stake in Olam International

Overview:

• Mitsubishi Corporation has acquired a S$1.5 billion stake in Olam International.
• Mitsubishi and Olam entered into a subscription agreement under which Olam will issue to Mitsubishi approximately 12% of its enlarged issued share capital for S$2.75 for each new share.
• Mitsubishi is one of Japan's biggest trading houses.
• Olam is one of the world's leading traders in commodities such as coffee, cocoa and rice.   

Katrin Kostadinova - Data analyst