Olam

Olam: Likely to outperform the broad market after announcing early Monday the completion of the acquisition of the entire equity of the Progida Group for about US$38m. The acquisition includes an ingredients processing facility in the Giresun region of Turkey with a total capacity of 40,000 metric tons of kernel per annum and two leased cracking units in the Ordu region, a key hazelnut growing region in Turkey.