Salic currently holds a 35.4 per cent minority stake in Olam Agri after investing US$1.24 billion (S$1.6 billion) in the unit.
The deal was completed in December 2022, and was said to value Olam Agri at US$3.5 billion at the time.
On Nov 1, Olam said it is presently exploring the sale of its stake to Salic with appointed advisers.
However, it emphasised that no definitive terms or formal legal documentation have been agreed upon between the parties to date.
"There is no certainty that a sale of the company's stake in the Olam Agri business will proceed or will materialise," it added.
This story is from the November 02, 2024 edition of The Straits Times.
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This story is from the November 02, 2024 edition of The Straits Times.
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