Olam Confirms Offer From Saudi Arabia for Agribusiness Unit
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Olam Group Ltd. has received a non-binding indicative offer from a state-owned Saudi investment firm to acquire the remaining stake in its agribusiness unit, according to an exchange filing.
“The company is reviewing and in discussions regarding a potential sale of its stake in the Olam Agri business,” Olam Group said. “No definitive terms or formal legal documentation have been agreed upon.”