ARISE IIP and ARISE IS are part of the ARISE group, which is a leading, pan-African infrastructure and logistics player. The group operates operating under three distinct verticals – ARISE IIP, ARISE IS and ARISE Ports & Logistics (ARISE P&L).
Olam International has entered into definitive agreements with Africa Transformation and Industrialization Fund, a management-led buy-out group for the sale of its remaining equity stakes in ARISE Integrated Industrial Platforms (ARISE IIP) and ARISE Infrastructure Services (ARISE IS).
The remaining stakes were sold for a consideration of US$189 million ($253.8 million). The consideration took into account the performance of the business in 2020 and 2021 as well as relevant precedent transactions for the assets.
