The Board of Directors of Olam Group Limited announced that regulatory approvals from most jurisdictions have been obtained, while approvals from two jurisdictions remain in process. The company intends to complete the proposed sale as soon as practicable once all conditions are satisfied.
This proposed sale involves 44.58% of the issued and paid-up share capital of Olam Agri Holdings Limited. It is being carried out under a conditional sale and purchase agreement entered into on 24 February 2025 among Olam Holdings Pte. Ltd. and Olam Agri Pte. Ltd., as vendors, and Saudi Agricultural & Livestock Investment Company (SALIC), as purchaser.
As previously stated, completion of the transaction is subject to the satisfaction of certain conditions, including the receipt of all necessary regulatory consents, approvals, and clearances. The company had earlier indicated that the sale was expected to be completed in the fourth quarter of 2025.
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