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Olam to sell remaining 50% stake in Indonesian sugar JV for more than US$80m
Published Tue, Mar 3, 2020 · 09:50 PM
Singapore
AGRI-FOOD giant Olam International has agreed to sell its remaining 50 per cent stake in its Indonesian sugar joint venture (JV), Far East Agri, for between US$82.5 million and US$85 million, subject to final adjustments as provided for in the sale-and-purchase agreement.
The buyer - its JV partner Mitr Phol Sugar - had in December 2017 invested US$100 million to take up a 50 per cent stake in Far East Agri.
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