Indonesia's Rajawali to maintain 2.55% stake in Felda Global Ventures

By IZWAN IDRIS And SHARIDAN M. ALI

PETALING JAYA: The Rajawali Group has no immediate plans to seek a bigger stake in Felda Global Ventures Holdings Bhd (FGV), even as the two companies plan to complete a deal by August,

Earlier this month, FGV had proposed to buy a 37% stake in Rajawali’s PT Eagle High Plantations Tbk for cash and shares in a deal worth US$680mil (RM2.5bil).

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