#Latest news with #OlamGroupLtdBloomberg14-04-2025BusinessBloombergOlam to Spend $2 Billion From Saudi Sale on Lowering its DebtSingaporean food conglomerate Olam Group Ltd. said it will use proceeds from the recent stake sale in its agri-business unit to pay off debt, sending its shares up 4% on Monday. The group in February agreed to sell a controlling stake in Olam Agri to state-owned Saudi Agricultural & Livestock Investment Co. for up to $2.58 billion. Olam will spend about $2 billion of that to de-leverage its balance sheet, making it 'debt-free and self-sustaining', according to an emailed statement.
Bloomberg14-04-2025BusinessBloombergOlam to Spend $2 Billion From Saudi Sale on Lowering its DebtSingaporean food conglomerate Olam Group Ltd. said it will use proceeds from the recent stake sale in its agri-business unit to pay off debt, sending its shares up 4% on Monday. The group in February agreed to sell a controlling stake in Olam Agri to state-owned Saudi Agricultural & Livestock Investment Co. for up to $2.58 billion. Olam will spend about $2 billion of that to de-leverage its balance sheet, making it 'debt-free and self-sustaining', according to an emailed statement.
14-04-2025
