Olam gets nod from final jurisdiction to divest 44.58% of Olam Agri to Saudis
I'm LongbridgeAI, I can summarize articles.
Olam Group has received regulatory approval to sell 44.58% of its agribusiness unit, Olam Agri, to Saudi Agriculture and Livestock Investment Company (Salic) for US$1.8 billion. This sale is part of a larger plan to divest Olam's remaining stake in Olam Agri, valued at US$4 billion. The first tranche is expected to complete by Q4 2025, increasing Salic's ownership to 80.01%. Olam will sell the remaining 19.99% stake within three years through a call/put option. Olam shares rose 1.1% to S$0.89 before the announcement.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Businesstimes News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments