Olam Group moves closer to completing sale of Olam Agri stakes
It is still in the process of securing two regulatory approvals.
Olam Group has obtained regulatory approvals from most jurisdictions for the proposed sale of 44.58% shares of Olam Agri Holdings Limited to Saudi Agricultural & LIvestock Investment Company.
According to a statement from Olam Group, the sale is dependent on the regulatory approvals, with two still pending.
Olam said it will complete the sale as soon as the remaining agreement from the two countries is obtained. The Olam company earlier said they expected the sale to conclude in Q4 2025.
Olam advises shareholders to be careful because the deal isn’t guaranteed yet. The company said that any future announcements will be promptly released.