---
title: "Aolan has been approved to divest 44.58% of its stake in Aolan Agriculture, with the stock price soaring nearly 9% | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282935669.md"
description: "Aolan Group has received regulatory approval to sell its 44.58% stake in Aolan Agriculture to the Saudi Agricultural and Livestock Investment Company. This transaction is the latest development in the two-phase sale of a 64.57% stake in Aolan Agriculture, which is expected to bring approximately $2.6 billion in revenue to the group. Following the announcement, Aolan's stock price surged 6.20% at the opening and further increased to 8.99% in the morning"
datetime: "2026-04-16T04:02:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282935669.md)
  - [en](https://longbridge.com/en/news/282935669.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282935669.md)
---

# Aolan has been approved to divest 44.58% of its stake in Aolan Agriculture, with the stock price soaring nearly 9% | Lianhe Zaobao

Olam Group has obtained regulatory approvals from all jurisdictions to sell a 44.58% stake in its subsidiary Olam Agri to The Saudi Agriculture and Livestock Investment Company (referred to as SALIC).

This transaction is the latest development in Olam Group's announcement last February to sell a 64.57% stake in Olam Agri to SALIC in two phases. Upon completion of the transaction, the group expects to realize approximately USD 2.6 billion (around SGD 3.3 billion) in proceeds.

Olam Group disclosed on Thursday (April 16) before the market opened that the relevant transaction has received regulatory approval from the last jurisdiction and is expected to be completed within the stipulated timeframe.

Following the announcement, Olam's stock price surged 6.20% at the opening. As of 11:50 AM on Thursday, the stock price increase had expanded to 8.99%, trading at SGD 0.97.

#### Further Reading

Olam Group divests its IT and digital services business for nearly SGD 500 million Olam Food Ingredients secures SGD 1.62 billion dual-tranche loan The group previously disclosed that in the first phase, it sold 44.58% of its stake in Aolan Agriculture, with a basic valuation of USD 1.7832 billion; in the second phase, it will sell the remaining 19.99% equity, with a basic valuation of USD 799.6 million.

After the transaction is completed, SALIC's shareholding in Aolan Agriculture will increase to 80.01%

### Related Stocks

- [000929.CN](https://longbridge.com/en/quote/000929.CN.md)
- [VC2.SG](https://longbridge.com/en/quote/VC2.SG.md)
- [S68.SG](https://longbridge.com/en/quote/S68.SG.md)

## Related News & Research

- [Congyu Intelligent Agricultural Sets June SGM to Approve Major Share Placing](https://longbridge.com/en/news/286582458.md)
- [ZAWYA: Silal Group’s Innovation Oasis celebrates the first graduates of the “Future Innovators Program”](https://longbridge.com/en/news/286759485.md)
- [Jeremy Clarkson’s cider business is ‘bankrupting us’, claims rival](https://longbridge.com/en/news/286729099.md)
- [Assessing Deere (DE) Valuation After Recent Share Price Pullback And Precision Agriculture Growth Story](https://longbridge.com/en/news/286754949.md)
- [As bee population collapses, US apiarists fear research cuts](https://longbridge.com/en/news/286838367.md)