The sale puts Olam Agri’s implied 100% equity valuation at US$4 billion and represents a 14% premium to the US$3.5 billion valuation when SALIC first acquired a 35.43% stake in Olam Agri in December 2022 for U$1.29 billion.
Olam Group announced on Feb 24 that it will sell its remaining 64.57% stake in Olam Agri to Saudi Agriculture & Livestock Investment Company (SALIC), a state-owned Saudi investment firm.
The group will first sell its 44.58% stake — or 1.51 billion shares — SALIC for around US$1.78 billion ($2.35 billion), which will see SALIC owning a controlling stake of 80.01% in Olam Agri.
