date:Apr 29, 2014
e agreement for a period of 12 years, which is renewable upon mutual consent.
Olams Managing Director and Global Head of Dairy, Vivek Verma, said: The transactions are aligned with Olams strategy to pursue profitable growth and generate positive free cash flow. Not only do we free up cash for redeployment into other more value-accretive projects, we also retain the upstream dairy farming economics, which remain fundamentally and structurally attractive in the long-term due to increasing demand