Olam

Olam: NZ Farming Systems Uruguay advises sh/h to hold off on deciding whether to sell shares to Olam or Union Agriculture Group (UAG) until they receive a target company statement, including independent appraisal reports. NZFSU’s share price is now at NZ$0.63, above either of the takeover offers...

Mkt watchers expect Olam to come back with a better price. Alternatively, Olam stands to make ~ NZ$12.5m capital gains if it chooses to sell its current 18.5% stake to UAG, which it bought in Sep and May this year.
Separately, Olam is also one of three Asian companies, involved in Gabon’s new economic plan to build infrastructure and develop palm-oil and lumber projects that are expected to generate at least $4.5bn invmt and create 50k jobs...

Olam will help develop a special economic zone costing at least US$100m, that will have the capacity to process 1m cubic m of timber annually, and will also help develop a 300k ha palm-oil plantation, palm-oil refinery and port, costing US$1.8bn in total. This will support Gabon’s ambition to become Africa’s biggest producer of the edible oil.