Singapore’s Olam Sells Agribusiness Unit To Saudi Fund In Deal Valued At $4 Billion

Singapore-listed Olam to sell 44.6% stake in agribusiness to Saudi Arabia for US$1.8 billion, shares jump

Singapore-based Olam Group on Monday (Feb 24) said it will sell a 44.58 per cent stake in its agricultural products business Olam Agri for US$1.78 billion to state-owned Saudi Agricultural and Livestock Investment Company (SALIC). Shares of the company jumped as much as 8.9 per cent in early trading to S$1

Singapore’s Olam Sells Agribusiness Unit To Saudi Fund In Deal Valued At $4 Billion

Olam Group—backed Singaporean tycoon Sunny Verghese—is selling its remaining stake in its agribusiness unit to Saudi Agriculture and Livestock Investment Company in a deal valued at $4 billion.

S’pore-listed Olam Group to sell 44.6% stake in agribusiness to Saudi fund for $2.35 billion

Stake sale will result in gain of US$1.84 billion (S$2.43 billion) for Olam Group.

Olam Group Confirms Sale of Agri Business Stake to Saudi Fund

Olam Group Ltd. has confirmed it will sell its 44.6% stake in its agribusiness to a state-owned Saudi investment firm for $1.78 billion.

Olam Group announces sale of remaining stake in Olam Agri

Olam Group has announced the proposed sale of its remaining 64.57% stake in Olam Agri Holdings.

The Singaporean giant formalizes the sale of its agricultural products subsidiary to Saudi Arabia, Salic, an operation in billions of dollars that raises the question of the future of Olam on the continent.