Singapore-based Olam International has succeeded in its bid to secure 100% of dairy group NZ Farming Systems Uruguay (NZS).

Olam said it made a full cash takeover offer to acquire all of the remaining ordinary shares in NZS it did not already own, for NZ$0.75 (US$0.61) per share.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Olam purchased 85.93% of the dairy group’s shares in July last year. However, the shareholding fell short of the 90% stake it needed to acquire to trigger a compulsory acquisition of the remaining shares.

The current offer was despatched to NZS shareholders on 23 October and subsequently accepted, Olam said.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now