Olam shares rise 8% following regulatory approval to divest partial stake of agribusiness unit
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Olam Group shares rose over 8% after receiving regulatory approval to divest a 44.58% stake in its agribusiness unit, Olam Agri, to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion. The stock traded at S$0.95, peaking at S$0.965 during the day. The first tranche of the sale is expected to complete in Q4 2025, pending shareholder and regulatory approvals, increasing Salic's stake in Olam Agri to 80.01%.
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