White & Case LLP Advised SALIC On Its US$1.78 Billion Acquisition Of An Additional Stake In Olam Agri
White & Case LLP advised SALIC on its US$1.78 billion acquisition of an additional stake in Olam Agri
White & Case LLP advised Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), on its agreement to increase its ownership in Olam Agri Holdings Limited (Olam Agri) from 35.4% to 80.01% for approximately US$1.78 billion. The transaction also includes a call option to acquire the remaining 19.99% within three years.
Olam Agri is one of the world’s largest agricultural commodity traders, with operations in over 30 countries and a workforce of more than 9,600 employees. This acquisition strengthens SALIC’s strategic position in the global agri-business sector.
White & Case had previously advised SALIC on its initial 35.4% acquisition of Olam Agri for approximately US$1.24 billion in 2022.
The White & Case team was led by Sami Al-Louzi and Sonia Abdul-Rahman (Partners, Dubai), and Steven Worthington (Partner, Abu Dhabi), with support from a cross-border team including:
Craig Atkinson (Partner, Riyadh); Strati Sakellariou-Witt, Sara Nordin, Irina Trichkovska, Lancelot Dinsart, Elisa Coppo, Giulio Preti, Julia Marssola (Brussels); Orion Berg (Partner, Paris), Louis Roussier (Paris); Kaya Proudian, Stephanie Zhao, Ji Yang Lim (Singapore); Nicholas Greenacre, Jonah Anderson, Philip Trillmich, Will Smith, Monica Shah, Ed Pearson, Francesca MacSwiney, Vishnu Rege, Aliya Manji, Alec Buchanan (London): William Watson (Dubai), Charles Tuckwell, Reece Patel, Sam Manful, Cassy Raby, Mohamed Dhaif, Jack Brasher, Dylan Nathwani, Ahmad Bin Dalmook, Usman Malik, Camellia Homampour, Sahal Suleman (Dubai)
Abdulrahman Alkhudairy, Moayad Al Zahrani, Mayce Khayri (Riyadh)
Barbora Smekalova (Prague), Juan Lopez Cortina, Alexandro Lopez Salazar (Mexico City), Rosie Wang (Shanghai), Girindra Henriyono (Jakarta); Enrique Fayos de Arizon, Aron Senoner, Claire Turgot, Jia Liu; Cornelius Börner (Düsseldorf) Tim Sensenig, Joanna Anyanwu, Allison Kepkay (Washington, DC)
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.
