Moody’s: Sime unlikely to attain full ownership in NBPOL

PETALING JAYA: Moody’s Investors Service believes that Sime Darby Bhd is unlikely to attain full ownership in New Britain Palm Oil Ltd (NBPOL) as government-related entities currently hold around 22% in the latter and may wish to increase their ownership interest.

“Moody’s concludes that NBPOL is therefore likely to remain listed, but not in London, allowing the company to raise funds for expansion or make selective share placements to dilute Sime Darby’s stake if required,” it said in a statement.