Olam International Limited (SGX:O32) agreed to acquire Amber Foods Limited for enterprise value of approximately $280 million on January 11, 2016. A part of the purchase consideration will be paid upon commissioning of the facilities in Port Harcourt. The transaction is to be funded through a combination of debt and internal accruals. The
acquisition is expected to be earnings accretive from year one post consolidation. Josephine Chew and Simon Pangrazio of WATATAWA Consulting acted as Public Relation officer for the transaction.

Olam International Limited (SGX:O32) completed the acquisition of Amber Foods Limited in January 2016.