Olam

Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million

Agri-food giant will also spend US$100 million annually with the global tech company for eight years to upgrade its technology

Olam Group on Monday said it  is selling its information technology and digital services unit, Mindsprint, to Wipro for US$375 million as part of a broader corporate reorganisation.

Stocks to watch: Olam Group, Geo Energy Resources

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 6):

The facility entails a two-year 450 million euro revolving-credit tranche, and a three-year 650 million euro term-loan tranche.

Olam unit bags 1.1 billion euro dual-tranche loan facility

Proceeds will be used for refinancing ofi’s existing loans and general corporate purposes

Olam Agri, which sells grains and seeds and makes everything from edible oils to pasta, is one of Olam Group's main units.

Olam to guarantee US$100 million loan for Olam Agri until unit is sold

The group is selling its 44.58% stake to Saudi Agricultural and Livestock Investment Company

Olam's H2 revenue is up 15.2% on year at S$33.7 billion.

Olam H2 earnings jump 213.4% as continuing operations improve; final dividend withheld amid restructuring

The group has obtained approvals from all jurisdictions – save for one – for the sale of its 44.58% stake in Olam Agri

Analysts say agri industry tailwinds should extend the strong momentum from H1, though policy risks and company specific-challenges cloud the outlook.

Firmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook

Market watchers expect the strong streak from earlier in FY2025 to continue, but individual companies face potential downside risks

Olam says that it intends to complete the proposed disposal "as soon as practicable upon the receipt of all the approvals".

Olam advances 32.4% stake sale of port operator following key lender approvals

The company intends to divest its stake in Arise P&L for US$175 million

Olam intends to complete the proposed sale “as soon as practicable upon the satisfaction of all the conditions”, said Olam’s co-founder and CEO, Sunny Verghese.

Olam secures bulk of regulatory approval for proposed 44.58% stake sale of Olam Agri

It intends to complete the proposed sale ‘as soon as practicable upon the satisfaction of all the conditions’

Created in early 2020, ofi accounted for nearly 40% of the group’s total revenue in financial year 2024.

Olam unit bags US$1.12 billion dual-currency loan facility

It will be used to refinance ofi’s existing loans and for general corporate purposes

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