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Olam Surges 17% After Finding No Evidence of Nigeria Fraud.
In: Bloomberg.com, 2024-02-19, S. N.PAG
Online
serialPeriodical
Zugriff:
Commodity trader Olam Group has announced that its investigation into allegations of fraud at its Nigerian units has found no evidence to support the claims. The company's shares surged following the news, with no charges brought against the subsidiaries or any officers. Olam, which is majority-owned by Singapore's state-owned investment fund, has faced setbacks including a profit slump and IPO delay, but remains committed to its future strategic plan in Nigeria. [Extracted from the article]
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Olam Surges 17% After Finding No Evidence of Nigeria Fraud.
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Autor/in / Beteiligte Person: | Cang, Alfred ; Mookerjee, Ishika |
Zeitschrift: | Bloomberg.com, 2024-02-19, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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