March 21, 2018 / 9:59 AM / a month ago

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

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 Source text for Eikon: Further company coverage:

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