Olam Group Divests Stake in Agribusiness to Saudi Investment Firm
February 24, 2025 - 02:22
Olam Group Ltd. has finalized a significant transaction involving its agribusiness unit, selling a stake to a state-owned investment firm from Saudi Arabia. This deal has been valued at an impressive $4 billion, marking a pivotal moment for both entities involved.
The move reflects Olam's strategic efforts to streamline its operations and focus on core areas of growth while also providing the Saudi investment firm with a substantial foothold in the global agribusiness sector. This partnership is anticipated to bolster agricultural initiatives and enhance food security in the region.
Olam has been known for its diversified portfolio in the agricultural landscape, and this sale is expected to enable the company to allocate resources towards innovation and sustainability. Meanwhile, the Saudi investment firm aims to leverage its new stake to further its ambitions in food production and distribution, aligning with the kingdom's broader economic diversification goals.
This transaction underscores the increasing interest from sovereign wealth funds in the agricultural sector, a trend that is likely to continue as global demand for food rises.
MORE NEWS
February 1, 2026 - 02:20
A mystery vending machine appeared at Pentagon. Then it vanished.A strange and unexpected installation briefly captured the attention of personnel at the Pentagon last week: a fully functional, unmarked vending machine. Appearing without fanfare in a building...
January 31, 2026 - 02:38
'ICE out' movement sparks protests, temporary business closures in New OrleansA growing movement calling for the removal of Immigration and Customs Enforcement (ICE) agents from the city has led to protests and temporary business closures in New Orleans this week....
January 30, 2026 - 21:56
Year three of our transformationAs it enters a pivotal third year of its strategic evolution, the global business and technology publisher reports accelerating momentum and a clear roadmap centered on deepening audience...
January 30, 2026 - 07:15
Businesses in the Triangle feeling the effects of winter weatherLocal enterprises across the Triangle are facing significant financial pressure following consecutive winter weather events. The repeated weekend storms have forced numerous shops and restaurants...