Incorporation Of Subsidiaries
Olam International Limited wishes to announce the incorporation of the following wholly-owned subsidiaries:
(1) Name : EURL Agri Commodities
Paid-up Capital : DZD20,000,000 (approximately US$268,688).
Principal Activities : Sourcing, processing and supply chain management of agricultural products and food ingredients
Country of Incorporation : Algeria
(2) Name : Outspan Peru S.A.C.
Paid-up Capital : PEN340,000 (approximately US$100,000)
Principal Activities : Sourcing, processing and supply chain management of agricultural products and food ingredients
Country of Incorporation : Peru
The incorporation of the subsidiaries is not expected to have any significant impact on the financial position of the Group for the current financial year.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect in the above transactions.