Brief: Olam Group To Sell 44.58% Stake In Olam Agri For US$1.78 Billion

Olam

23/02/2025 22:33

Feb 24 (Reuters) - Olam Group Ltd  OLAG.SI :
    * TO SELL 44.58% STAKE IN OLAM AGRI FOR US$1.78 BILLION 
    * PROPOSED SALE OF SHARES IN OLAM AGRI HOLDINGS LIMITED
    * OLAM GROUP TO SELL A 44.58% STAKE IN OLAM AGRI TO SALIC
    * OLAM GROUP TO SELL ITS REMAINING 19.99% STAKE IN OLAM AGRI
TO
SALIC
    * IMPLIED 100% EQUITY VALUATION FOR OLAM AGRI OF US$4.00
BILLION
    * ON COMPLETION OF SALE OF TRANCHE 1, OGL WOULD REALISE
ESTIMATED
GAIN ON DISPOSAL OF US$1.84 BILLION
    * OGL WOULD RAISE ESTIMATED TOTAL GROSS CASH PROCEEDS OF
US$2.58
BILLION FROM SALE


Further company coverage:  OLAG.SI 

 ((Reuters.Briefs@thomsonreuters.com;))