The Saudi Agricultural and Livestock Investment Company (SALIC) has agreed to acquire a 9.2% stake in LT Foods, an Indian basmati rice processing company, for a total consideration of approximately SAR 209 million (approximately INR 455.5 crores or $55.6 million). The stake acquisition is being done by the fully-owned subsidiary of the Saudi Public Investment […]
Minerva Foods Australia, a joint venture (JV) between Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva Foods, has acquired the Australian Lamb Company (ALC) for AUD 400 million ($254.3 million). The Australian Lamb Company is a meat producer in Australia, which has a couple of meat processing facilities in Victoria. The meat processing company […]
