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VC2 Olam News Story

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

April 6 (Reuters) - Olam Group Ltd OLAG.SI:

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

Further company coverage: OLAG.SI

 ((Reuters.Briefs@thomsonreuters.com;))

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