Edition:
United Kingdom

Olam International ‍Says To Dispose 50% Of Its Equity Interest In Nauvu Investments Pte. Ltd​


Wednesday, 21 Mar 2018 

March 21 (Reuters) - Olam International Ltd ::‍ANNOUNCES DISPOSAL OF ITS 50% EQUITY INTEREST IN NAUVU INVESTMENTS PTE. LTD​.DEAL FOR US$148 MILLION.DEAL NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON CO'S EARNINGS PER SHARE FOR FY ENDING DECEMBER 31, 2018.NAUVU WAS A 50:50 JV BETWEEN OLAM AND WILMAR, AND FOLLOWING DISPOSAL, NAUVU WILL CEASE TO BE AN ASSOCIATE CO OF OLAM.TO DISPOSE THE STAKE IN NAUVU INVESTMENTS TO A WILMAR INTERNATIONAL LTD UNIT.