Credit Suisse may lose lead role on Olam Food's London IPO

Bloomberg9/13/2021 06:03 PM GMT+08  • 2 min read
Credit Suisse may lose lead role on Olam Food's London IPO
The bank was dropped from the roster of lead banks after turning down a loan request, according to sources.
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Credit Suisse AG has dropped from the roster of lead banks on an Olam International Ltd. unit’s planned London initial public offering after turning down a loan request, people with knowledge of the matter said.

The Swiss bank was set for a top role in Olam Food Ingredients’ London IPO as recently as August, alongside banks including Citigroup Inc. and JPMorgan Chase & Co., said the people, who asked not to be identified as the information is private.

Credit Suisse decided not to participate in loan facilities Olam raised that month, the people said. The bank has lent to the Singapore-based agri-business firm in the past, one of the people said.

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