December 18, 2017 / 12:29 AM / a year ago

BRIEF-Olam International To Sell Its 50 Pct Interest In Far East Agri

Dec 18 (Reuters) - Olam International Ltd:

* ENTERED DEAL WITH MITR PHOL SUGAR CORP FOR SALE & PURCHASE OF CO’S 50.0% INTEREST IN FAR EAST AGRI PTE. FOR US$100.0 MILLION

* ‍TRANSACTION WILL GENERATE A ONE-TIME GAIN OF ABOUT US$80.0 MILLION FOR FY ENDING 31 DEC 2017​

* TRANSACTION RELEASES CASH FOR OLAM TO DELIVER IMPROVED FREE CASH FLOW AND PURSUE GROWTH IN PRIORITISED BUSINESSES Source text for Eikon: Further company coverage:

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