Olam to sell 44.6% stake in agribusiness to Saudi Arabia for $1.8bn

Singapore-based Olam Group has agreed to sell a 44.58% stake in its agricultural products business Olam Agri for $1.78 billion to state-owned Saudi Agricultural and Livestock Investment Company (SALIC).The transaction values Olam Agri at $4 billion, higher than the $3.5 billion valued at the...