CCI approves the Saudi Agricultural and Livestock Investment Company’s (SALIC/Acquirer) proposed indirect acquisition of 44.58% and up to 64.57% of the issued share capital of Olam Agri Holdings Limited (Olam Agri/Target)

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....CI approves the Saudi Agricultural and Livestock Investment Company’s (SALIC/Acquirer) proposed indirect acquisition of 44.58% and up to 64.57% of the issued share capital of Olam Agri Holdings Limited (Olam Agri/Target)<BR>News and Press Release<BR>Dated:- 1-10-2025<BR><BR>The Competition Commission of India has approved the Saudi Agricultural and Livestock Investment Company's (SALIC/Acquirer)....

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.... proposed indirect acquisition of 44.58% and up to 64.57% of the issued share capital of Olam Agri Holdings Limited (Olam Agri/Target). The 'Proposed Combination' involves the acquisition of SALIC's proposed indirect acquisition of 44.58% and up to 64.57% of the issued share capital of Olam Agri. SALIC is a joint stock company incorporated in the KSA. It is an investment company with investments....

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.... both in the KSA and internationally in companies active in the fields of agriculture and trading of food commodities. SALIC's agri-business is focused on farming and procurement as well as importing commodities into the KSA. SALIC is present in India through LT Foods Limited in the trading of various agri-commodities. Olam Agri is incorporated and headquartered in Singapore and mainly operates a....

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....s a merchant and processor of agricultural goods and is active throughout the entire value chain. In India, Olam Agri, directly and indirectly, undertakes the sales of various agri-commodities at the wholesale level and, with respect to basmati rice only, also at the retail level. Olam Agri is also active in the trading of various agri-commodities. Detailed order of the Commission will follow.<BR....

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