$Olam Group(VC2.SI)$ Olam will

Olam will dispose of its entire stake in port and logistics operator Arise P&L for a US$175 million consideration, as part of plans to monetise one of its units.

The group said it entered into a conditional sale and purchase agreement with Equitane DMCC to dispose of its whole stake in Arise P&L, amounting to 161.1 million ordinary shares or around 32.4 per cent of the issued and paid-up shares in the company’s capital.

The disposal aligns with its updated reorganisation plan.

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