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Olam: Acquisition Of 51% Stake In Nouvelle Société Cotonnière du Togo For EUR15.3 Million.

20 Nov 2020 13:42

Olam International Limited has signed a share purchase agreement to acquire a 51.0% interest in Togo's state-owned cotton company Nouvelle Société Cotonnière du Togo for a consideration of EUR15.3 million for its equity stake on a cash free, debt free basis and closing net working capital of approximately EUR19.1 million. The Togolese Republic and the national cotton farmers cooperative Federation Nationale des Groupements de Producteurs de Coton du Togo will hold 24.0% and 25.0% in the JV, respectively...

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Source: ShareInvestor Express