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Tycoon Sunny Verghese's Olam Jumps After Saudi Arabia Offers To Buy Agribusiness Unit

By Forbes   |   Nov 1, 2024 at 04:13 AM EST
Tycoon Sunny Verghese's Olam Jumps After Saudi Arabia Offers To Buy Agribusiness Unit

Olam Group's shares surged as Saudi firm Salic offered to buy its agribusiness unit. Olam is reviewing the offer, which could value Olam Agri at $4 billion. Salic aims to enhance food security for Saudi Arabia.

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