Olam exploring sale of remaining agribusiness stake to Saudis; shares jump 10%

Quick Summary:

Deal said to value Olam Agri at about US$4 billion.

Shares of Olam shot up 11 cents or 10.3 per cent higher, at $1.18 as at the midday trading break on Nov 1.

On Nov 1, Olam said it is presently exploring the sale of its stake to Salic with appointed advisers.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSaudi Arabia

Topics: Sources Agri Cent Group Bloomberg Company Stake Sale Olam Billion Deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:10:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23360732

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