Saudi firm completes $1.24bn takeover of Olam’s agri unit.
Saudi Arabia’s SALIC International Investment Company has acquired a 35.43% stake in Olam Agri Holdings for $1.24 billion.
The deal, which closed on December 23, 2024, values Olam Agri Holdings at US$3.5 billion. Olam Group will retain a majority stake of 64.57% in the agricultural unit. The transaction was first announced in March 2022.
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