Olam Group to Sell 32.41% Stake in ARISE P&L for $175 Million

MT Newswires

04/17

Olam Group's (SGX:VC2) wholly owned subsidiary, Olam International, entered into a conditional sale and purchase agreement to sell 32.41% stake in ARISE P&L to Equitane DMCC for $175 million in cash.

The deal is expected to close by Dec. 31, according to a Thursday bourse disclosure.

ARISE P&L manages ports and logistics infrastructure projects in West Africa. Equitane DMCC, formerly the Africa Transformation and Industrialization Fund, is an investment platform headquartered in Dubai.

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Equitane DMCC, formerly the Africa Transformation and Industrialization Fund, is an investment platform headquartered in Dubai.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6025","symbol_name":"食品分銷商","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528755966","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528755966","pubTimestamp":1744869298,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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