PETALING JAYA: Sime Darby Bhd’s planned acquisition for New Britain Palm Oil Limited (NBPOL) is “credit positive” for the plantation giant, according to Moody’s Investors Service.
It explained that the acquisition would increase Sime’s operational scale and geographical mix of palm oil sources, as well as be accretive to its earnings before interest tax, depreciation and amortisation (EBITDA) and enhance its European sales channel.
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