Olam Food Unit to Delay London IPO Due to War in Ukraine

Olam International Ltd. has delayed a primary listing of its food unit -- previously scheduled for the second quarter of 2022 -- due to the war in Ukraine.

The unit, known as Olam Food Ingredients, intends to seek a primary listing on the premium segment of the London Stock Exchange and a concurrent listing in Singapore, it said in a filing to the Singapore Exchange. It remains committed to pursuing a public listing and will evaluate the appropriate timing on an ongoing basis, the company said.

Olam selected several banks last month to work on the IPO of the food ...