Sime Darby Plantation completes acquisition of Papua New Guinea's NBPOL

KUALA LUMPUR: Sime Darby Plantation (SDP), the plantation arm of Sime Darby Bhd, completed its acquisition of Papua New Guinea-based New Britain Palm Oil Ltd (NBPOL) on Monday, bringing its total land bank to almost one million hectares spread out over five countries.

Sime Darby told Bursa Malaysia that SDP would be focusing on integrating the operations of both companies over the next few months, adding that NBPOL was a strategic fit with its track record on sustainability.