Olam Group – GD News as it has received regulatory approval for the proposed US$1.8 billion sale of 44.58 per cent stake in its agribusiness unit Olam Agri to a Saudi fund.

Olam Group – GD News as it has received regulatory approval for the proposed US$1.8 billion sale of 44.58 per cent stake in its agribusiness unit Olam Agri to a Saudi fund. Going forward, they can focus on the expansion of Olam OFI and hopefully news of the IPO listing will come soon! His plan is to reduce assets and repay all debts to achieve debt free status. Hopefully, the price may rise above 1.00 and maybe go to 1.20-1.30 levels. Diode please. Quote: Olam Group has received all the necessary regulatory approvals from a total of 21 jurisdictions for the proposed US$1.8 billion sale of 44.58 per cent stake in its agribusiness arm Olam Agri to a Saudi fund. “Regulatory approval has been obtained in respect of the remaining one jurisdiction,” Olam said on Thursday (April 16). The proposed sale is expected to be completed “in due course” and is the first of two tranches of Olam…