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Olam Group (SGX:OLAG) announced plans to exit its agribusiness unit, Olam Agri Holdings, by selling a 44.6% stake to Saudi Agricultural and Livestock Investment Company (SALIC) for $1.78 billion. This deal values Olam Agri at $4 billion and is expected to close in Q4 2025.
With this transaction, SALIC will gain an 80.01% controlling stake, while Olam intends to divest its remaining 19.99% stake within three years at the closing valuation. The full exit is expected to generate up to $3.87 billion in gross proceeds, which Olam may use for debt reduction or a potential special dividend.
Olam will retain full ownership of its other businesses, including its fast-growing ingredients unit, ofi. CEO Sunny Verghese emphasized that the deal enables Olam to focus on unlocking value for its remaining businesses and pursuing a potential IPO for ofi.
Rothschild & Co, Citigroup (NYSE:C), and HSBC advised Olam on the transaction.
