Industry News

EBRD to provide loan to Olam

The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to US$150 million to Olam International Ltd., a leading commodities trader based in Singapore. The loan will be used to assist the company to its increased engagements in Ukraine, Egypt, Poland, Georgia and Turkey.

Olam will be expanding its activities in some agricultural commodities such hazelnut (Georgia and Turkey), dry dairy (Ukraine and Poland), grain (Ukraine), and onions (Egypt).