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Olam Group Ltd. has received a non-binding indicative offer from a state-owned Saudi investment firm to acquire the remaining stake in its agribusiness unit, according to an exchange filing. This development comes amid delays in Olam's planned IPO. The news has led to a significant jump in Olam's stock price. Tycoon Sunny Verghese’s Olam has seen its stock price rise significantly following the announcement.
Tycoon Sunny Verghese’s Olam Jumps After Saudi Arabia Offers To Buy Agribusiness Unit https://t.co/zYgNO6Z9mv https://t.co/5Zkvb42Ub4
Singapore's Olam receives buyout offer for agri unit amid IPO delays https://t.co/3URJjyLDMm https://t.co/sIDfPtEUb3
Olam Group Ltd. has received a non-binding indicative offer from a state-owned Saudi investment firm to acquire the remaining stake in its agribusiness unit, according to an exchange filing https://t.co/oEa33rpCvL
