Olam Group disposes stake in ARISE P&L

The company sold its 32.4% stake to Equitane.

Olam Group has entered into a definitive agreement with Equitane to sell its remaining 32.4% stake in ARISE P&L for a price consideration of $229m (US$175m).

The share disposal is part of the company’s re-organisation plan.

The price consideration represents approximately a 7% premium over the carrying value of the investment in the company’s books as of 31 December 2024.

The sale is not expected to have a material impact on the net tangible assets per share or earnings per share of Olam Group for FY2025

Subject to customary closing conditions, the sale is expected to close within FY2025.

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