Brussels, 21 November 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Olam Agri Holdings Pte. Ltd. (‘Olam Agri’) by Olam Group Limited (‘Olam Group’), both of Singapore, and Saudi Agricultural and Livestock Investment Company (‘SALIC’) of Saudi Arabia.
Olam Agri is a worldwide merchant and processor of agricultural goods, with activities spanning the entire value chain, from farming to distributing. Olam Group is active worldwide in the food and agri-business sectors through its various subsidiaries. SALIC is an investment company active in the agricultural and food industries mostly in Saudi Arabia.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of horizontal overlaps and vertical links between the companies’ activities in the European Economic Area. The transaction was examined under the simplified merger review procedure.
Source – EU Commission