Olam sells stake in Open Country Dairy to Talley's

Tue, 23 Mar 2021

Singapore’s Olam International said it has sold all its 15.19% stake in Open Country Dairy to Talley Group for approximately $80.9 million through Talley’s takeover offer in February 2021. Olam included the information in its 2020 annual report under “divestments of de-prioritised assets”. Before the takeover offer cited by Olam, Talley’s held a 77% stake in the NZ dairy company, according to the NZ Companies Office.Open Country reported $1.6 billion of revenue in the year to 30 Sept 2020 versus $1.4b i...

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