Reported 25 days ago
Olam Group Ltd. has received a non-binding offer from a Saudi state-owned investment firm for its agribusiness unit, Olam Agri, valued at approximately $4 billion. The Saudi Agricultural & Livestock Investment Company, linked to the country's sovereign wealth fund, is already a major stakeholder in Olam Agri. While negotiations are ongoing, no formal agreements have been reached yet. Olam Agri is significant for its role in the Gulf region's food security and commodity supply.
Source: YAHOO