Olam Group shares slipped as much as 0.5% in early trading on Wednesday.
State-owned Saudi Agricultural & Livestock Investment Co. (Salic) plans to pursue a full ownership stake in the agribusiness unit of Singapore’s Olam Group, according to people familiar with the matter.
The Public Investment Fund-backed firm intends to start talks as soon as next year to buy the remaining 20% of Olam Agri Holdings it doesn’t already own after closing a deal for a majority holding, one person said, asking not to be identified discussing private information.
