Olam International acquired 85% stake in the parent of Indonesia’s largest cocoa processor. The Singapore-based global food and agri-business will pay $90m for the stake in YTS Holdings which is the owner of BT Cocoa. The remaining 15% will be held by the founding members of BT Cocoa, Piter Jasman and his family. CEO of Olam Cocoa, Gerard A. Manley said: “We are excited to have the opportunity to rapidly expand our footprint in Asia and to develop this business with the founder and family of BT Cocoa. Our longstanding relationship will enable us to deliver world class cocoa ingredients and services to our expanded customer base and look to strengthen these relationships in the future in one of the fastest growing regions in the world.”