Olam Group Proposes Sale Of Shares In Mindsprint Pte to Wipro Networks Pte

About this update from Olam Group Limited

Olam Group Ltd SGX:VC2 : PROPOSED SALE OF SHARES IN MINDSPRINT PTE. LTD WIPRO NETWORKS PTE. AGREES TO BUY 100% OF MINDSPRINT SHARE CAPITAL OG GROUP TO REALISE ESTIMATED GAIN OF US$310.5 MILLION FROM MINDSPRINT SALE OG GROUP AWARDS EIGHT-YEAR SERVICES CONTRACT TO WIPRO WITH US$100 MILLION ANNUAL SPEND ENTERPRISE VALUE OF MINDSPRINT SET AT US$375 MILLION OG GROUP TO CEASE HOLDING ANY SHARES IN MINDSPRINT AFTER COMPLETION OF TRANSACTION

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