Press release
24th Feb, 2025
Proposed sale of Olam Group’s remaining 64.57% stake in Olam Agri to SALIC
Singapore
Olam Group to sell a 44.58% stake in Olam Agri to SALIC for approximately US$1.78 billion, at an implied 100% equity valuation for Olam Agri of US$4.00 billion
Olam Group to sell its remaining 19.99% stake in Olam Agri to SALIC at the end of three years1 from completion of the above mentioned sale at the Closing Valuation2 plus 6% IRR
Saudi Agriculture & Livestock Investment Company (“SALIC”) to acquire a 44.58% stake in Olam Agri Holdings (“Olam Agri”) for approximately US$1.78 billion (S$2.35 billion3 (“Tranche 1”). Upon completion of Tranche 1, SALIC will own a controlling 80.01% stake in Olam Agri.
Olam Group Limited (“OGL”) will, upon the completion of the sale of Tranche 1, have a put option1 to sell its remaining 19.99% stake in Olam Agri to SALIC (“Tranche 2”) which is exercisable on the third anniversary of completion of the sale of Tranche 1 at the Closing Valuation2 plus 6% IRR.
SALIC will, upon the completion of the sale of Tranche 1, have
News
9th Nov, 2023
Olam Agri and Nutrifoods Support Akosombo Flood Victims
Olam Agri, the country’s leading supply chain manager in agri-commodity, and its sister company, Nutrifoods, a top food manufacturer in Ghana, on Friday, presented a consignment of relief items to flood victims of the Akosombo Dam spillage.
In mid-October, the Volta River Authority (VRA) began spilling water from the Akosombo reservoir to protect the dam from overtopping.
The influx of large volumes of water has raised levels, causing excessive flooding in several low-lying areas along the Volta River, including, but not limited to, Mepe, Battor, Sogakope, Mafi, Adidome, and Ada.
Blog
20th Mar, 2023
Building a Business that Conserves Forests, One Step At a Time
“I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary.
Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace
“This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes.
It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.”
Forest