Olam Agrees to Sell Majority Stake in Olam Agri to Saudi Agricultural & Livestock Investment Co.
Olam, a leading agribusiness and food company, has agreed to sell a majority stake in its agricultural platform, Olam Agri, to Saudi Agricultural & Livestock Investment Co. (SALIC) for up to US$2.58 billion.
About Olam Agri
Olam Agri is a global agricultural platform that produces and processes a range of agricultural products, including grains, oils, and pulses. The company has operations in over 60 countries and employs over 10,000 people.
About Saudi Agricultural & Livestock Investment Co.
SALIC is a Saudi Arabian company that invests in the agricultural sector. The company has a strong presence in the Middle East and North Africa, and has invested in a range of agricultural projects, including farming, livestock, and food processing.
The transaction is expected to be completed in the second half of 2025, subject to regulatory approvals and other customary conditions. The deal is expected to be funded through a combination of cash and debt.
The transaction is expected to benefit both Olam and SALIC. For Olam, the deal will provide the company with much-needed capital to invest in its growth strategy, including the expansion of its agricultural platform and the development of new products. For SALIC, the deal will provide the company with a significant presence in the agribusiness sector and access to Olam’s global network of operations.
The sale of a majority stake in Olam Agri to SALIC is a significant milestone for both companies. The transaction is expected to provide Olam with the capital it needs to pursue its growth strategy, while also providing SALIC with a strong presence in the agribusiness sector.
Q: What is the value of the transaction?
A: The value of the transaction is up to US$2.58 billion.
Q: Who is Saudi Agricultural & Livestock Investment Co.?
A: SALIC is a Saudi Arabian company that invests in the agricultural sector.
Q: What is Olam Agri?
A: Olam Agri is a global agricultural platform that produces and processes a range of agricultural products.
Q: When is the transaction expected to be completed?
A: The transaction is expected to be completed in the second half of 2025, subject to regulatory approvals and other customary conditions.
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