The Group will invest $500 million in its food ingredients business, ofi (Olam Food Ingredients), to fuel strategic growth initiatives and position it for future opportunities Olam Group Limited announced details of its Updated Re-organisation Plan, following the proposed sale of its remaining 64.57 per cent stake in Olam Agri[Read More…]
Tag: SALIC
Singapore’s Olam Group to divest majority stake in Olam Agri to SALIC
This strategic divestment follows SALIC’s earlier acquisition of a 35.43 per cent stake in Olam Agri in December 2022, valued at $3.50 billion Singapore-based Olam Group Limited (OGL) has announced its decision to sell a controlling 80.01 per cent stake in Olam Agri Holdings to Saudi Agriculture & Livestock Investment[Read More…]
SALIC acquires Ukraine’s poultry producer MHP
MHP announced that SALIC purchased 13.51 million of its global depository receipts (GDRs) in the market Saudi Agricultural and Livestock Investment Co. (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF), has acquired a 12.6 per cent stake in Ukraine-based poultry producer MHP. MHP announced that SALIC purchased 13.51[Read More…]
