Hosted on MSN28d
Saudi Arabia snaps up Olam’s agribusiness division in a deal valued at $4 billion, more than the Singaporean firm’s entire market cap
The Saudi Agricultural and Livestock Investment Co. (Salic), owned by the kingdom’s Public Investment Fund, already owns about a third of Olam Agri. On Monday, Salic put forward a plan to ...
akm13d
Olam Group has received an offer from Salic to acquire its agricultural division
Olam Group has received an offer from the state-owned Saudi investment company Salic to acquire its agricultural division. This is stated in the message of the Union of Grain Exporters and Producers.
Wall Street Journal28d
Olam Sells Remaining Stake in Agri Products Business to Saudi Arabia’s Salic
The first tranche, comprising 44.58% of Olam Agri, will be sold to Salic for US$1.78 billion, while the remaining 19.99% will be sold after three years.
Yahoo Finance28d
Saudi Arabia’s Salic to buy Olam Agri business from Singapore parent
Post the transaction, which is expected to close in the fourth quarter, state-owned Salic will control more than 80% of the agribusiness, according to a statement from Olam Group confirming the ...
اخبار 2428d
SALIC inks SAR 6.7 billion agreement to raise stake in Olam Agri to 80.01%
In December 2022, SALIC closed the acquisition of a 35.43% stake in Olam Agri for SAR 4.65 billion. Olam Agri Holdings, headquartered in Singapore, is a global grain, rice, animal feed and edible oil ...
Forbes28d
Singapore’s Olam Sells Agribusiness Unit To Saudi Fund In Deal Valued At $4 Billion
Olam Group—founded by Singaporean tycoon Sunny Verghese—is selling its remaining stake in its agribusiness unit to Saudi Agriculture and Livestock Investment Company (SALIC) in a deal valued ...