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Olam to acquire 25% of Rusmolko

21 June 2019

Singapore Olam International reportedly plans to acquire a 25% stake in Rusmolko, a Russia-based agroholding owned by Russian businessman and founder of Damate Group Naum Babayev. Back in 2012, Olam acquired 75% of Rusmolko for $ 75 million. With this purchase Olam will become a sole beneficiary of Rusmolko. As of late 2018, Rusmolko operated a livestock of 20,500 dairy cows, with annual milk output of 85,000 tonnes.

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