SINGAPORE–Singapore-based Olam Group VC2 -0.87% has agreed to sell its remaining stake in its agricultural products business to state-owned Saudi Agricultural and Livestock Investment Company, bringing the business’s equity value to US$4.0 billion.Olam will sell its entire 64.57% stake in Olam Agri in two tranches, Olam said on Monday. The first tranche, comprising 44.58% of Olam Agri, will be sold to Salic for US$1.78 billion, while the remaining 19.99% will be sold after three years.
