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.