Olam eyes M&A after $1.1b Mitsubishi investment

Commodites trader Olam on the look out for battered commodity assets as it raises funds from strategic Mitsubishi stake sale.

Mitsubishi Corp has agreed to buy a 20% stake in Olam International for S$1.53 billion ($1.1 billion) -- in a deal that will give the once-troubled Singapore-listed commodities trader dry powder to acquire depressed commodity assets.

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