The Board of Olam Group Limited (SGX:VC2) announced the spin-off of unknown majority stake in Olam Agri Holdings Pte. Ltd on January 10, 2022. The transaction is subject to approval by regulatory authorities and shareholders of Olam Group Limited.

As of May 30, 2023, all the necessary regulatory approvals required to launch this transaction are yet to be obtained, Olam Group therefore does not expect that the Olam Agri IPO can now be completed by H1 2023, ahead of the impending summer holiday period, as originally planned. Rothschild (Singapore) Limited acted as financial advisor to Olam Group Limited.