Primary Sector

Olam sells stake in Open Country Dairy to Talley's

Rebecca Howard
Tue, 23 Mar 2021

Rebecca Howard
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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