Equitane, previously known as the Africa Transformation and Industrialization Fund, is a long-term investment platform headquartered in Dubai, UAE. It is dedicated to creating sustainable and innovative solutions across key sectors in Africa.
Olam Group has entered into a definitive agreement with Equitane DMCC to sell its remaining 32.4% stake in Arise P&L for a price consideration of US$175 million, which represents approximately a 7% premium over the carrying value of the investment as at end-2024.
Olam’s April 17 announcement follows its updated re-organisation plan, unveiled on April 14. The group aims to right-size its remaining capital structure, unlock the full potential value of Olam Food Ingredients (ofi) and divest and monetise its remaining assets and businesses over time.
